What to create	Quiz
Which subject	Business
What age group	Year or Grade 10
What topic	Writing off account receivables t-accounts
Question types	Close-ended
Number of questions	5
Number of answers	4
Correct answers	Exactly 1
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Instructions:

This quiz is intended for students in Year or Grade 10 who are studying business. It covers the topic of writing off account receivables t-accounts. There is a set of five multiple-choice questions, and each question has four possible answers. Choose the correct answer by marking the corresponding letter (A, B, C, or D) on your answer sheet.

Questions:

1. What does the term "writing off" mean in accounting?

   A. Removing an asset from your balance sheet B. Adding an expense to your income statement C. Removing a liability from your balance sheet D. Adding revenue to your income statement

2. When can a company write off an account receivable?

   A. When the customer goes bankrupt B. When the customer is late with payments C. When the customer never paid the debt D. When the company wants to lower its taxes

3. Which account is debited when an account receivable is written off?

   A. Accounts Receivable B. Cash C. Bad Debt Expense D. Sales Revenue

4. What is the effect on the balance sheet when an account receivable is written off?

   A. Assets decrease, liabilities decrease B. Assets increase, liabilities increase C. Assets decrease, equity decreases D. Assets decrease, equity stays the same

5. What is the effect on the income statement when an account receivable is written off?

   A. Revenue decreases, expenses decrease B. Revenue decreases, expenses increase C. Revenue stays the same, expenses decrease D. Revenue stays the same, expenses increase

Answers:

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