Test your basic knowledge |

Bookkeeping Accounting

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. Amount earned before deductions
purchase order
accounts payable
adjustment
gross salary

2. Received on account
AP
pegboard
accounting
ROA

3. Salaries - cost of supplies - cost of treating patients - month to month changes
variable cost
Employee's withholding allowance certificate
petty cash
daysheet

4. The money owed to the office by the patient
accounts receivable
invoice
adjustment
AP

5. List all charges payments and adjustments - balance up to date
accounting
patient ledger
assets
adjustment

6. Daily recording of the accounts or transactions of the business
W-4
accounts receivable ratio
bookkeeping
purchase order

7. Accounts receivable
AR
liabilities
third party check
gross salary

8. Debts and financial obligations for which one is responsible - legal responsibility
W-4
invoice
gross salary
liabilities

9. Write it once program
collection ratio
pegboard
Employee's withholding allowance certificate
accounting

10. Encounter form - common procedures and diagnosis
invoice
accounts receivable
superbill
gross salary

11. List of items in a package - no dollar amounts
AP
variable cost
packing slip
balance

12. W-4

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183

13. List of items with prices - sometimes serves as a bill
invoice
W-4
W-2
accounts payable

14. Gross earning minus taxes and deductions - take home pay
Name at least 4 things to check for/do when recording financial records
pegboard
net salary
accounts receivable ratio

15. Money kept in the office for minor - routine - or unexpected expenses
petty cash
W-2
PO
accounting

16. List of items to be purchase with approval
packing slip
purchase order
Employee's withholding allowance certificate
superbill

17. Formula that measures the speed in which outstanding accounts are paid
variable cost
accounting
accounts receivable ratio
purchase order

18. Indicates the number of exemptions claimed by the employee for income tax purpose
pegboard
packing slip
accounts receivable ratio
W-4

19. Properties of value that are owned by a business entity - supplies -equipment - property
variable cost
assets
purchase order
superbill

20. Form used to record daily patient transactions
ROA
Employee's withholding allowance certificate
balance
daysheet

21. Day sheets - ledger card - encounter forms - receipt forms
write it once program
gross salary
Name at least 4 things to check for/do when recording financial records
AR

22. Purchase order
PO
purchase order
adjustment
daysheet

23. Write clearly - double check math - place decimal point carefully/correctly - write small enough to fit in space - finish task completely
AR
bookkeeping
W-2
Name at least 4 things to check for/do when recording financial records

24. Money paid out for supplies and services
write it once program
accounts receivable ratio
accounts payable
assets

25. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31
W-2
variable cost
superbill
ROA

26. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions
invoice
superbill
accounting
write it once program

27. A check written to one person from an other person or company
accounts receivable
purchase order
collection ratio
third party check

28. Increase or decrease to patients account
adjustment
collection ratio
purchase order
bookkeeping

29. Signature - correct date - correct amount in both areas
PO
balance
third party check
what do you want to look for on a patients check

30. Shows % of outstanding debt collected
third party check
collection ratio
PO
assets

31. Amount owed
balance
variable cost
purchase order
write it once program

32. Accounts payable
write it once program
AP
superbill
AR