What to create	Quiz
Which subject	Business
What age group	Year or Grade 10
What topic	Writing off accounts receivables
Question types	Close-ended
Number of questions	5
Number of answers	4
Correct answers	Exactly 1
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Instructions: Choose the correct answer to each question.

1. What is the process of writing off accounts receivable?

A. Reducing accounts payable B. Making a collection call to the customer C. Removing an uncollectible account from the books D. All of the above

2. How is the value of accounts receivable calculated?

A. Total revenue of the company B. Total amount owed by customers C. Total amount paid by the company on credit D. None of the above

3. When should a company write off an account receivable as uncollectible?

A. As soon as the customer misses a payment B. After 90 days of non-payment C. After multiple collection attempts have been made D. When the customer files for bankruptcy

4. What is the impact of writing off an account receivable on a company's financial statements?

A. Increase in operating expenses B. Increase in assets C. Decrease in equity D. None of the above

5. How can a company prevent the need to write off accounts receivable in the future?

A. Offering discounts for early payment B. Conducting credit checks on potential customers C. Establishing clear payment terms and consequences for late payments D. All of the above

Answers:

1. C
2. B
3. C
4. A
5. D