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. List of items in a package - no dollar amounts






2. Amount owed






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






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






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






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






7. Received on account






8. The money owed to the office by the patient






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






10. W-4


11. Form used to record daily patient transactions






12. Amount earned before deductions






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






14. Shows % of outstanding debt collected






15. Increase or decrease to patients account






16. Write it once program






17. Purchase order






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






19. List of items to be purchase with approval






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






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






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






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






24. Accounts receivable






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






26. Encounter form - common procedures and diagnosis






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






28. Money paid out for supplies and services






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






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






31. Accounts payable






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