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. Money paid out for supplies and services
accounts receivable ratio
accounts payable
AP
accounts receivable

2. Received on account
ROA
variable cost
third party check
accounting

3. The money owed to the office by the patient
liabilities
AR
accounts payable
accounts receivable

4. Formula that measures the speed in which outstanding accounts are paid
accounts receivable ratio
daysheet
balance
collection ratio

5. Write it once program
purchase order
invoice
pegboard
packing slip

6. List of items to be purchase with approval
purchase order
bookkeeping
variable cost
what do you want to look for on a patients check

7. Accounts payable
petty cash
W-4
AP
Employee's withholding allowance certificate

8. A check written to one person from an other person or company
patient ledger
collection ratio
third party check
W-4

9. Signature - correct date - correct amount in both areas
what do you want to look for on a patients check
Name at least 4 things to check for/do when recording financial records
accounts receivable
collection ratio

10. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31
daysheet
W-2
what do you want to look for on a patients check
Name at least 4 things to check for/do when recording financial records

11. Salaries - cost of supplies - cost of treating patients - month to month changes
what do you want to look for on a patients check
accounts receivable
variable cost
purchase order

12. Amount earned before deductions
accounts receivable
AP
gross salary
W-2

13. Amount owed
Employee's withholding allowance certificate
collection ratio
balance
pegboard

14. Day sheets - ledger card - encounter forms - receipt forms
superbill
ROA
packing slip
write it once program

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

16. Gross earning minus taxes and deductions - take home pay
net salary
W-4
balance
accounts receivable

17. Form used to record daily patient transactions
bookkeeping
gross salary
third party check
daysheet

18. Debts and financial obligations for which one is responsible - legal responsibility
collection ratio
PO
liabilities
invoice

19. List of items with prices - sometimes serves as a bill
assets
invoice
W-4
accounts receivable ratio

20. Encounter form - common procedures and diagnosis
daysheet
gross salary
superbill
W-2

21. Money kept in the office for minor - routine - or unexpected expenses
petty cash
patient ledger
Employee's withholding allowance certificate
what do you want to look for on a patients check

22. List of items in a package - no dollar amounts
packing slip
accounting
invoice
purchase order

23. Daily recording of the accounts or transactions of the business
what do you want to look for on a patients check
bookkeeping
write it once program
pegboard

24. Write clearly - double check math - place decimal point carefully/correctly - write small enough to fit in space - finish task completely
ROA
Name at least 4 things to check for/do when recording financial records
accounts receivable ratio
write it once program

25. Properties of value that are owned by a business entity - supplies -equipment - property
petty cash
assets
what do you want to look for on a patients check
write it once program

26. Accounts receivable
what do you want to look for on a patients check
adjustment
pegboard
AR

27. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions
accounting
pegboard
ROA
assets

28. Purchase order
Employee's withholding allowance certificate
pegboard
invoice
PO

29. Increase or decrease to patients account
variable cost
daysheet
third party check
adjustment

30. Shows % of outstanding debt collected
packing slip
variable cost
collection ratio
accounts receivable ratio

31. Indicates the number of exemptions claimed by the employee for income tax purpose
what do you want to look for on a patients check
W-4
Employee's withholding allowance certificate
accounts receivable

32. W-4

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