Quiz & Worksheet Accounts Receivable Process

accounts receivable test questions and answers

This is a great way to leave a positive and lasting brand impression on your candidates. Our Accounts Receivable test can also be combined with many other skills tests. We recommend combining up to five skills tests during the testing phase to get a clear, in-depth understanding of your candidates’ skill set.

Send email invites directly from TestGorilla, straight from your ATS, or connect with candidates by sharing a direct link. Learn how each candidate performs on the job using our library of 321 scientifically validated tests. Candidates who perform well on this test have a strong grasp of accounting and can manage accounts receivable accurately and effectively. Accounts Receivable is an obligation that originates because of sales made on credit. It means that the business entity has yet to collect the money from the purchaser. Note – Please take our quiz ‘Quiz 10 – Accounts Receivable – Intermediate’ on this page before going through the below answers.

The test is made by a subject-matter expert

You can have candidates respond to your custom questions in several ways, such as with a personalized video. Getting an accurate understanding of your organization’s financial health is critical. Our test helps you uncover that expert-level knowledge and skill and hire the right person for your team. For this reason, it’s critical to know whether they can handle each and all transaction details correctly and in time. Evaluating your candidates’ essential accounts receivable management skills can be a stress- and bias-free process with TestGorilla’s Accounts Receivable test.

accounts receivable test questions and answers

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be “Why do you want to work for our company?” or “Try to sell me an item you have on your desk right now.” You can learn more about video questions here. The Accounts Receivable test will help lead your business to success by ensuring you hire a professional who’ll maintain accurate financial records with ease.

Hire without bias

Sales stand at the core of all business interactions. From cash sales to credit sales, a successful business needs to be able to track its activity and keep good records through accounts receivable in order to understand how it is progressing and growing. Some of the roles for which you can use TestGorilla’s Accounts Receivable test include accounts receivable clerks, billing specialists, accounts payable specialists, bookkeepers, accounting managers, or tax accounting specialists. The Accounts receivable test will be included in a PDF report along with the other tests from your assessment.

  • The amount of options when choosing tests was plentiful.
  • Our tests are fully customizable, accessible on mobile, tablet, and desktop devices, and show candidates you value their skills and knowledge.
  • The Accounts Receivable test will help lead your business to success by ensuring you hire a professional who’ll maintain accurate financial records with ease.
  • Our skills assessments enable you to find candidates who are aligned with your organization’s culture.
  • Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.

Use this test to identify the best professionals out of hundreds of applicants and learn who has the exact skills that match the requirements of the role you’re looking to fill. Great selection of assessments, easy to find assessments for different job positions. It really helps to save valuable time and to pick out the best candidates based on their relevant skill skills. Intuitive initial setup, took me less than 30 minutes. I really like the ability to add custom questions to the test, it enables us to not only test job-specific skills but also assess a candidate’s fit with our company culture.

Hire the right talent with our Accounts receivable test

If accounts receivable decreases and cash increases, there is no effect on current assets and thus working capital. However, if accounts receivable decreases because aged receivables are written off, then, current assets decrease and so does working capital. Access the answers to hundreds of Accounts receivable questions that are explained in a way that’s easy for you to understand. Go ahead and submit it to our experts to be answered.

  • Sales stand at the core of all business interactions.
  • We recommend using our assessment software as a pre-screening tool at the beginning of your recruitment process.
  • We also offer detailed guides in our extensive Help & Inspiration Center.

If you have any further questions, you can contact our support team via email, chat or call. We also offer detailed guides in our extensive Help & Inspiration Center. Discover your strongest candidates with TestGorilla’s easy-to-read output reports, rankings, and analytics.

_____are the money that is owed to a company by customers for goods sold or services rendered.

You can easily download and share this report with colleagues and candidates. Our short, customizable assessments and easy-to-use interface can be accessed from any device, with no login required. I like the variety of tests that we have used to hire software developers and data scientists.

Quiz 10 – Accounts Receivable – Intermediate (Answers)

Choose the right professional to handle your financial records by using TestGorilla’s Accounts Receivable test, which will simplify the skills assessment process and help you hire an accounting expert the easy way. Building assessments is quick and easy with TestGorilla. Just pick a name, select the tests you need, then add your own custom questions. TestGorilla’s Accounts Receivable test will help you find and hire the best match out of all of the candidates who apply for your open role. The test will help you gain a deep understanding of the skills of all applicants and hire an expert accountant who is right for your team. Test candidates for job-specific skills like coding or digital marketing, as well as general skills like critical thinking.

The platform is easy to use and easily connects to other software that we are using. Give all applicants an equal, unbiased opportunity to showcase their skills with our data-driven and performance-based ranking system. She has extensive experience in preparing budgets, forecasts, and business plans.

Businesses can succeed with all of these tasks with the help of qualified accountants who can manage accounts receivable well and maintain good financial records. An Accounts Receivable test will help you find the best financial and accounting experts for your enterprise. You can add your own logo and company color theme to your assessments.

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