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

The general ledger for Accounts Receivable is higher than the sub-ledger total. Which of these scenarios is a likely cause?

A. A journal entry to reclassify a balance from AP to AR was not posted in the sub-ledger.

B. A customer payment was recorded in the GL but not applied in the sub-ledger.

C. A sales invoice was posted to the sub-ledger but missed in the GL.

D. A credit memo was posted to the GL but not to the sub-ledger.

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