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






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






3. List of items to be purchase with approval






4. Money paid out for supplies and services






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






6. Increase or decrease to patients account






7. Amount earned before deductions






8. Purchase order






9. Amount owed






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






11. W-4


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






13. Form used to record daily patient transactions






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






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






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






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






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






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






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






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






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






23. Accounts receivable






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






25. Accounts payable






26. The money owed to the office by the patient






27. Shows % of outstanding debt collected






28. Encounter form - common procedures and diagnosis






29. Write it once program






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






31. Received on account






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