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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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Looking to become an accounting assistant
Looking to find a dynamic role in the accounts field
Looking for some pre-employment assessment
Looking to tackle online IT exam or freelance skill test
Looking to know all the latest techniques and their solutions
A business-printed or catalog price is called the ______
list price
trade price
cash discount
trade discount
Answer:
list price
Which two of the following key attributes of a quotation promote excellent receivable results?
1.Feasibility/ deliverability of the offer
2.Payment terms
3.Clear commercial terms and conditions agreed upon by both the parties.
4.Applicable sales (or) use tax
1&2
2&3
1&3
None of the above
Answer:
1&3