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






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






4. Encounter form - common procedures and diagnosis






5. Write it once program






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






7. Increase or decrease to patients account






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






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






10. Amount owed






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






12. Amount earned before deductions






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






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






15. W-4


16. Accounts receivable






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






18. List of items to be purchase with approval






19. Shows % of outstanding debt collected






20. Accounts payable






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






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






23. Received on account






24. Form used to record daily patient transactions






25. Money paid out for supplies and services






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






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






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






29. Purchase order






30. The money owed to the office by the patient






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






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