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Accounts Receivable is an asset or claimable payment against the services or goods sold by any business, and clients haven’t paid yet. These claims are normally raised by organizations through invoices and dispatched to customers for the payment to be made within a predefined time frame.
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Quizack account receivable assessment test will assess your knowledge about providing multiple payment methods, electrical invoicing, setting up clear payment terms, evaluating financial and credit history. Accounts receivable multiple choice questions and answers are truly helpful against tricky online exams.
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When a payment is received from a customer but is not yet deposited into the bank, the amount lies in the________________
An accrued revenue would be shown on the balance sheet as _____
a prepaid revenue