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. Write it once program






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






3. Increase or decrease to patients account






4. Purchase order






5. Received on account






6. Amount earned before deductions






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






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






9. W-4


10. List of items to be purchase with approval






11. Shows % of outstanding debt collected






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






13. Encounter form - common procedures and diagnosis






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






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






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






17. Accounts payable






18. Accounts receivable






19. Form used to record daily patient transactions






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






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






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






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






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






25. Amount owed






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






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






28. Money paid out for supplies and services






29. The money owed to the office by the patient






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






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






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