
ARS Quiz
Authored by Bruna Vick
English
Professional Development

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15 questions
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1.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
An official document that requests payment from a customer for goods or services provided is called a(n) _____.
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A customer with an outstanding balance means they have an amount that is _____.
Already paid in full
Still unpaid
Written off
Refunded
3.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
If a payment is not made by the due date, the invoice is considered _____.
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A payment reminder is sent to customers to _____.
Inform them of their new order
Notify them of an overdue invoice
Offer a discount
Request new bank details
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The process of matching transactions in the company’s bank account with records in the accounting system is called _____.
Posting a Payment
Bank Reconciliation
Write-off
Credit Note
6.
FILL IN THE BLANK QUESTION
5 mins • 1 pt
Which of the following would be issued if a company wants to reduce the amount a customer owes on an invoice?
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A trader is someone who _____.
Sells products or services
Issues invoices
Manages bank reconciliations
Pays outstanding balances
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