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. Encounter form - common procedures and diagnosis






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






4. Purchase order






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






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






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






8. Shows % of outstanding debt collected






9. Write it once program






10. Money paid out for supplies and services






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






12. W-4


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






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






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






16. Accounts receivable






17. Amount earned before deductions






18. Amount owed






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






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






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






22. Increase or decrease to patients account






23. Received on account






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






25. List of items to be purchase with approval






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






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






28. Accounts payable






29. The money owed to the office by the patient






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






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






32. Form used to record daily patient transactions