Test your basic knowledge |

Bookkeeping Accounting

Subject : business-skills
Instructions:
  • Answer 32 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Form used to record daily patient transactions






2. Encounter form - common procedures and diagnosis






3. A check written to one person from an other person or company






4. Write it once program






5. Purchase order






6. List of items in a package - no dollar amounts






7. Increase or decrease to patients account






8. Signature - correct date - correct amount in both areas






9. List of items to be purchase with approval






10. Amount owed






11. Debts and financial obligations for which one is responsible - legal responsibility






12. Indicates the number of exemptions claimed by the employee for income tax purpose






13. Accounts payable






14. Money paid out for supplies and services






15. Day sheets - ledger card - encounter forms - receipt forms






16. Gross earning minus taxes and deductions - take home pay






17. List all charges payments and adjustments - balance up to date






18. Money kept in the office for minor - routine - or unexpected expenses






19. Properties of value that are owned by a business entity - supplies -equipment - property






20. Accounts receivable






21. Shows % of outstanding debt collected






22. Received on account






23. Write clearly - double check math - place decimal point carefully/correctly - write small enough to fit in space - finish task completely






24. W-4

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25. Formula that measures the speed in which outstanding accounts are paid






26. The money owed to the office by the patient






27. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions






28. Salaries - cost of supplies - cost of treating patients - month to month changes






29. Daily recording of the accounts or transactions of the business






30. Amount earned before deductions






31. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31






32. List of items with prices - sometimes serves as a bill