SUA QUIZZES QUESTIONS AND ANSWERS 2026
The Sales/Collection Cycle is also called - Answers - Revenue Cycle
A _______________ is a document sent from the Shipping Department to the Common
Carrier and is designed to document the freight terms and destination - Answers - Bill of
Lading
Which of the following should be done first when a customer order is received? -
Answers - Approve the customer's credit
A bill of lading must always include all of the following except: - Answers - The dollar
value of the items shipped
When preparing a sales invoice, you should use which of the following quantities? -
Answers - Quantity shipped
When an ACH payment is received in that means - Answers - A payment has been
received using the Automated Clearing House
Credit sales are recorded in - Answers - Both the sales journal and the accounts
receivable subsidiary ledger
Which of the following should be done first when a check is received? - Answers -
Restrictively endorse the check
When you write off an accounts receivable you should make an entry in the - Answers -
General journal
A Bill of Lading includes all of the following: - Answers - The number of shipping units
The total freight charges
The shipping address of the buyer
When a check is received which of the following should be done first - Answers -
Restrictively endorse the check
Which of the following controls help reduce the risk of granting credit to customers who
are not creditworthy? - Answers - a. Rely on third-party vendors to grant credit
b. Establish a formal credit approval process that is independent of the sales function
c. Conduct business as cash only
Which of the following is the sequence of basic steps in the revenue cycle? - Answers -
Receive customer order, check credit, fill the order, ship the order, then bill the
customer.
The Sales/Collection Cycle is also called - Answers - Revenue Cycle
A _______________ is a document sent from the Shipping Department to the Common
Carrier and is designed to document the freight terms and destination - Answers - Bill of
Lading
Which of the following should be done first when a customer order is received? -
Answers - Approve the customer's credit
A bill of lading must always include all of the following except: - Answers - The dollar
value of the items shipped
When preparing a sales invoice, you should use which of the following quantities? -
Answers - Quantity shipped
When an ACH payment is received in that means - Answers - A payment has been
received using the Automated Clearing House
Credit sales are recorded in - Answers - Both the sales journal and the accounts
receivable subsidiary ledger
Which of the following should be done first when a check is received? - Answers -
Restrictively endorse the check
When you write off an accounts receivable you should make an entry in the - Answers -
General journal
A Bill of Lading includes all of the following: - Answers - The number of shipping units
The total freight charges
The shipping address of the buyer
When a check is received which of the following should be done first - Answers -
Restrictively endorse the check
Which of the following controls help reduce the risk of granting credit to customers who
are not creditworthy? - Answers - a. Rely on third-party vendors to grant credit
b. Establish a formal credit approval process that is independent of the sales function
c. Conduct business as cash only
Which of the following is the sequence of basic steps in the revenue cycle? - Answers -
Receive customer order, check credit, fill the order, ship the order, then bill the
customer.
