About the Accounts Payable & Receivable Practice Test Quiz
Managing accounts payable (AP) and accounts receivable (AR) is vital for maintaining a business’s cash flow. This practice test quiz focuses on invoicing, payment terms, ledger entries, credit control, and reconciliations.
It’s tailored for finance assistants, bookkeepers, and those preparing for entry-level roles in finance.
Why It Matters in Day-to-Day Finance
Efficient AP & AR management ensures a business pays its suppliers on time and collects customer payments promptly. This quiz strengthens your skills in real-world areas like invoice tracking, supplier statements, and debtor management.