Intermediate Accounts Receivable Reconciliation

Test your Intermediate-level Reconciliation Accounts Receivable 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

A journal entry to write-off a $50 balance was posted correctly to the sub-ledger, but the GL entry was erroneously debited to AR instead of credited. What is the impact?

A. The GL will be $100 higher than the sub-ledger.

B. The sub-ledger will be $100 higher than the GL.

C. The GL and sub-ledger will be out of balance by $50.

D. The error has no impact on the reconciliation totals.

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