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






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






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






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






5. Purchase order






6. The money owed to the office by the patient






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






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






9. Increase or decrease to patients account






10. Money paid out for supplies and services






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






12. Amount owed






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






14. Write it once program






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






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






17. List of items to be purchase with approval






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






19. Shows % of outstanding debt collected






20. Accounts receivable






21. W-4

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






23. Encounter form - common procedures and diagnosis






24. Amount earned before deductions






25. Form used to record daily patient transactions






26. Received on account






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






28. Accounts payable






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






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






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






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