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. Increase or decrease to patients account






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






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






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






6. Amount owed






7. Write it once program






8. Purchase order






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






10. Accounts receivable






11. W-4


12. Accounts payable






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






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






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






16. Shows % of outstanding debt collected






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






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






19. Received on account






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






21. Money paid out for supplies and services






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






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






24. Form used to record daily patient transactions






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






26. The money owed to the office by the patient






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






28. Encounter form - common procedures and diagnosis






29. List of items to be purchase with approval






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






31. Amount earned before deductions






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