The Accounts Payable assessment tests the knowledge of an accounts payable clerk or an office associate that has a subsidiary duty in the processing of Accounts Payable. This includes the processing of invoices, purchase orders, and checks. This test primarily focuses on the basic accounting concepts used in the processing of Accounts Payable. Assessments for Accounts Receivable and Bookkeeping are also available. Total Questions 44 Question Types Multiple Choice Competencies Tested A/P PrinciplesVendorsPurchasing DepartmentInvoices & Credit MemosA/P ConceptsPayment ProcessChecks Tasks Tested Define Accounts PayableCreating an A/PFinancial StatementsA/P Increase on Trial BalanceTrial BalanceDiscounts and AllowancesContract a VendorTrade DiscountsCreditorsSelection ProcessVendor Naming in Payment SystemPurchase Order TypesPurchase Return and AllowancesPurchase OrderInternet UsageApprovalSales DiscountsThree-Way MatchInvoiceDocumentsLedgersIdentify Account TypeAccounts Payable GroupPurchasing EffectStatement of Cash FlowA/P Increase on Statement of Cash FlowAccrual SystemAccrual ConceptCash Basis ConceptsCheck ConceptsYear EndSubsidiary AccountsDuplicate PaymentsPaying InvoicesMoney OwedPacking SlipCash IDInvoice TermsCheck ProcessCheck StockCheck SecurityCheck FraudSignatures
