About Accounts Receivable Test
Accounts receivables are an asset for the payment to be received from the debtors. Accounts receivables are a business department in big-size companies handling lots of data and are responsible for making sure that the outstanding are recovered on a timely basis. Accounts receivables are an important indicator regarding the performance of the company as an increase would indicate that more goods are sold on credit or the company is inefficient in its collection process and a decrease would indicate a timely recovery process. The Accounts Receivables ratio is an important ratio that shows the rate at which amounts are recovered.
Skills Measured
- Finding missing information
- Basic Accounting principles
- Reconciling accounts Receivable
- Computation of ratios
- Recording transactions
Roles
- Accounts Receivable Clerks
- Accounts Receivable Managers
- Accounts Receivable Processors
- Accounts Receivable Supervisor
The test is created by a subject-matter expert
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