Intermediate Accounts Payable Reconciliation

Test your Intermediate-level Reconciliation Accounts Payable Reconciliation skills in Core Accounting Processes. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

Goods were received on Dec 28th, but the invoice was not received until Jan 5th. As of Dec 31st, this transaction should be reflected on the AP reconciliation as:

A. A reconciling item under "goods received, not invoiced"

B. An item to be ignored until the next accounting period

C. A disputed charge with the vendor

D. A contra-asset to inventory

Keyboard Shortcuts

↑↓Navigate options

EnterSelect answer

←→Prev/Next question

SSkip question

1-4Select A-D

EscClear answer

SpaceNext question

BackspacePrevious question