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. List of items to be purchase with approval






2. Amount earned before deductions






3. Form used to record daily patient transactions






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






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






6. Money paid out for supplies and services






7. Purchase order






8. Received on account






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






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






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






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






13. Write it once program






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






15. Shows % of outstanding debt collected






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






17. Accounts payable






18. W-4


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






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






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






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






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






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






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






26. The money owed to the office by the patient






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






28. Encounter form - common procedures and diagnosis






29. Accounts receivable






30. Amount owed






31. Increase or decrease to patients account






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