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. Amount owed






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






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






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






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






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






7. Shows % of outstanding debt collected






8. Received on account






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






10. Encounter form - common procedures and diagnosis






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






12. Accounts receivable






13. Amount earned before deductions






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






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






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






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






18. The money owed to the office by the patient






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






20. Money paid out for supplies and services






21. List of items to be purchase with approval






22. Form used to record daily patient transactions






23. Purchase order






24. Increase or decrease to patients account






25. Accounts payable






26. W-4

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






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






29. Write it once program






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






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






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