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






2. Write it once program






3. Shows % of outstanding debt collected






4. Received on account






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






6. Amount earned before deductions






7. Amount owed






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






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






10. Accounts receivable






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






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






13. List of items to be purchase with approval






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






15. W-4

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






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






18. Money paid out for supplies and services






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






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






21. The money owed to the office by the patient






22. Increase or decrease to patients account






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






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






25. Accounts payable






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






27. Form used to record daily patient transactions






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






29. Purchase order






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






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






32. Encounter form - common procedures and diagnosis