WorksheetsReceivables010523
Total questions: 20
Worksheet time: 10mins
PPD is also called?
(a)
SIP stands for?
(a)
How many days is counted to formulate a due date for SOLO Ride models?
(a)
Which of the following businesses is owned by Sir Pablo Chu?
UFCI
INFINITY
SMDI
All of the above
Is a document that shows the transaction and payment history of each customer to whom the business extends credit.
Cashier Log
Cash Collection Receipt
Subsidiary Ledger Card
Aging of Accounts
30 days price is derived using what formula?
MA x Term
LCP - Down
COD x I.R.
LCP - COD / 3
If a customer pays his/her Monthly amortization in advance, What is the classification of the customer?
Special
New Accounts
Current
If a customer pays on time but his payment is lesser than his monthly amortization even with rebate, What is the classification of the customer?
Current
Deposited
Special
Overdue
Receivables that are past due 91 days and up is subject to?
Deposit
ETL
Fully Paid
The formula for PAYSUM is?
BB - OB
MA x TERM - DP
I.R. x MA
BB - OB - Rebate
DNSM stands for?
Date next summer morning
Delinquent notes subject for Manipulation
Dues needed some management
Due Next succeeding month
What is the formula for DNM?
DP + AOC
I.R. x Term
Advance x 2
MA - Advance
Which of the following is not a valid due date?
30
4
16
All of the above
What is the basis for Repossession?
Arrogant Customers
Delinquent Accounts
Advance Payment
CM stands for?
Common Mistake
Collection Manager
Cash monetization
Credit Memo
What does AMA stands for?
Application of Monthly Amortization
Amortization Monthly Application
Acquired Monthly Acceleration
Applied Monthly Amortization
TRUE OR FALSE: If the customer is paying on time, and the amount of his payment is exactly the amount of his MA, then he is classified as OVERDUE.
TRUE
FALSE
YES OR NO: In an Aging Report for the month of January, the cut-off observe is Feb 5 to Mar 4...
YES
NO
TRUE OR FALSE: Acceleration of account is not allowed for Short Term accounts.
TRUE
FALSE
TRUE OR FALSE: Customers are not allowed to buy another motorcycle if he has an existing unpaid account.
TRUE
FALSE
