Create Databases -> A/R -> -> Testing Your Knowledge

Testing Your A/R Knowledge

Once you've completed the required reading and phone calls for the A/R application, use the following questionnaire to test your knowledge.

1. The files used to display the information in the Accounts Receivable Posting tab include:

C-AUX, C-MASTER, & AR-MASTER
C-MASTER, AR-BATCH, & AR-MASTER
C-AUX, AR-BATCH, & AR-MASTER

2. The AR-BATCH file contains:

Daily postings to A/R and is used to balance at the end of the day
Only the check register
A report of only invoices generated for that day.

3. When a customer order is invoiced, it posts to both the AR-MASTER and AR-BATCH.

True
False

4. Customer A/R balances are aged on-line.

True
False

5. Purging the accounts receivables:

Removes completed (0.00) balance invoices.
Eliminates all bad debt accounts.
Deletes any customer account with no A/R history.
Releases the AR-BATCH information to G/L.

6. Cash transactions do not post in the (B) Accounts Receivable Posting screen.

True
False

7. Information in the AR-BATCH is:

Released as each batch is completely posted.
Released only once a day.
Released as part of the month-end procedures.
None of the above.

8. The Update field in the Custom Accounts Receivable Reports screen determines if the calculated totals are re-posted to the appropriate C-AUX records.

True
False

9. Silver Plus recommends the AR-BATCH be:

Released and printed in the same procedure.
Printed, verified and then released.
Released but not printed.
Printed but not released.

10. An Age Only trial balance:

Recalculates all customer account totals.
Does not print.
Ages all customer accounts.
All of the above.

11. When the AR-BATCH is released, the information flows to:

Chart of Accounts.
GL-MASTER.
AR-MASTER.
GL-BATCH.

12. The information contained in the AR-BATCH file can be reprinted after the batches are released.

True
False

13. The A/R totals updated through an Age Only trial balance are stored in the:

AR-MASTER file.
C-AUX file.
C-HISTORY file.
None of the above.

14. The G/L accounts that are updated when an invoice is posted to the A/R Posting screen are:

01-401-01 and 01-102-01.
01-104-01 and 01-102-01.
01-401-0 only.
None of the above.