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Test your basic knowledge |
Bookkeeping Accounting
Start Test
Study First
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. The money owed to the office by the patient
patient ledger
superbill
net salary
accounts receivable
2. Properties of value that are owned by a business entity - supplies -equipment - property
accounting
assets
purchase order
what do you want to look for on a patients check
3. Money kept in the office for minor - routine - or unexpected expenses
petty cash
liabilities
Name at least 4 things to check for/do when recording financial records
accounts payable
4. Signature - correct date - correct amount in both areas
W-2
Employee's withholding allowance certificate
accounts payable
what do you want to look for on a patients check
5. Encounter form - common procedures and diagnosis
what do you want to look for on a patients check
assets
packing slip
superbill
6. Accounts receivable
PO
superbill
AR
packing slip
7. Formula that measures the speed in which outstanding accounts are paid
variable cost
liabilities
invoice
accounts receivable ratio
8. Amount earned before deductions
Employee's withholding allowance certificate
balance
packing slip
gross salary
9. Indicates the number of exemptions claimed by the employee for income tax purpose
accounts receivable ratio
ROA
patient ledger
W-4
10. Amount owed
accounting
balance
AR
assets
11. List of items with prices - sometimes serves as a bill
PO
purchase order
invoice
third party check
12. Received on account
ROA
packing slip
purchase order
bookkeeping
13. Daily recording of the accounts or transactions of the business
bookkeeping
petty cash
AP
accounts receivable
14. Form used to record daily patient transactions
accounts receivable ratio
superbill
liabilities
daysheet
15. Shows % of outstanding debt collected
write it once program
AP
packing slip
collection ratio
16. Gross earning minus taxes and deductions - take home pay
W-2
net salary
write it once program
invoice
17. Purchase order
liabilities
accounts payable
PO
purchase order
18. W-4
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19. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31
bookkeeping
W-2
assets
daysheet
20. A check written to one person from an other person or company
collection ratio
AR
net salary
third party check
21. Salaries - cost of supplies - cost of treating patients - month to month changes
accounts receivable ratio
variable cost
AR
liabilities
22. Accounts payable
petty cash
accounting
AP
packing slip
23. Day sheets - ledger card - encounter forms - receipt forms
accounts receivable ratio
packing slip
write it once program
balance
24. List of items to be purchase with approval
purchase order
accounts receivable
pegboard
collection ratio
25. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions
balance
AR
accounting
purchase order
26. Write clearly - double check math - place decimal point carefully/correctly - write small enough to fit in space - finish task completely
Name at least 4 things to check for/do when recording financial records
pegboard
gross salary
third party check
27. List of items in a package - no dollar amounts
bookkeeping
third party check
packing slip
assets
28. Increase or decrease to patients account
daysheet
adjustment
petty cash
third party check
29. Money paid out for supplies and services
invoice
accounts payable
write it once program
variable cost
30. Write it once program
invoice
variable cost
balance
pegboard
31. List all charges payments and adjustments - balance up to date
liabilities
patient ledger
packing slip
third party check
32. Debts and financial obligations for which one is responsible - legal responsibility
liabilities
W-2
accounts receivable
Employee's withholding allowance certificate