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. The money owed to the office by the patient






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






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






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






5. Encounter form - common procedures and diagnosis






6. Accounts receivable






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






8. Amount earned before deductions






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






10. Amount owed






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






12. Received on account






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






14. Form used to record daily patient transactions






15. Shows % of outstanding debt collected






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






17. 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






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






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






22. Accounts payable






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






24. List of items to be purchase with approval






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






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






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






28. Increase or decrease to patients account






29. Money paid out for supplies and services






30. Write it once program






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






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