WorksheetsCA Inter C- 9 Receivable Management
Total questions: 15
Worksheet time: 10mins
The Credit terms may be expressed as “3 / 15 net 60 “. This means that a 3 % discount will be granted if the customer pays within 15 days, if he does not avail the offer he must make payment within 60 days.
I agree with the statement
I do not agree with the statement
I cannot say.
None of these
The term float is used in
Inventory Management
Receivable Management
Cash Management
Marketable securities
Factoring is a method of financind whereby a firm sells its trade debts at a discount to a financial institution. The Statement is
Correct
Incorrect
Partially Correct
I can not say
A factoring arrangement can be both with recourse as well as without recourse:
True
False
Partially Correct
Cannot Say
In Q 2 of test we find that Liquidity position has improved in Sept 2021 compared to June 2021
True
False
Partially Correct
Can not Say
In Q 2 of test we find that Collection in quarter ended Sept 2021 has improved compared to June 2021
True
False
Partially Correct
Can not Say
When receivables are analysed to their age, the process is known as preparing the
Receivable Management
ageing schedules of receivables
Cash Management
None of these
In Q.1) of test additional contribution is highest in
Policy A
Policy B
Policy C
Policy D
In Q.1) of test additional Interest is highest in
Policy A
Policy B
Policy C
Policy D
In Q.1) of test additional Bad Debt is highest in
Policy A
Policy B
Policy C
Policy D
In Q.1) of test additional NP/(L) is highest in
Policy A
Policy B
Policy C
Policy D
Amount of Fixed Cost
75,000
50,000
25,000
None of these
The Method used by u for evaluation of credit policy is Incremental Method
Incremental Approach
Northwest Method
No method Approach
Modi’s Approach
When a firm advises its customers to mail their payments to special post office collection centers, the system is known as
Concentration Banking
Lock Box System
Playing the Float
None of these
The term”net 50” implies that the customer will make payment
Exactly on 50th Day
Before 50th day
Not later than 50th day
None of these
