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. Increase or decrease to patients account
adjustment
third party check
pegboard
AR

2. Debts and financial obligations for which one is responsible - legal responsibility
balance
Employee's withholding allowance certificate
net salary
liabilities

3. Shows % of outstanding debt collected
assets
petty cash
patient ledger
collection ratio

4. List of items with prices - sometimes serves as a bill
ROA
write it once program
invoice
W-4

5. Signature - correct date - correct amount in both areas
W-4
AR
what do you want to look for on a patients check
third party check

6. Form used to record daily patient transactions
accounting
third party check
petty cash
daysheet

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

8. Indicates the number of exemptions claimed by the employee for income tax purpose
assets
W-4
AR
variable cost

9. Money kept in the office for minor - routine - or unexpected expenses
petty cash
balance
collection ratio
superbill

10. Day sheets - ledger card - encounter forms - receipt forms
superbill
write it once program
bookkeeping
accounting

11. Salaries - cost of supplies - cost of treating patients - month to month changes
purchase order
W-2
variable cost
what do you want to look for on a patients check

12. A check written to one person from an other person or company
petty cash
third party check
accounts receivable ratio
AR

13. Gross earning minus taxes and deductions - take home pay
gross salary
daysheet
assets
net salary

14. List of items to be purchase with approval
patient ledger
what do you want to look for on a patients check
purchase order
Employee's withholding allowance certificate

15. Amount earned before deductions
ROA
pegboard
gross salary
variable cost

16. List of items in a package - no dollar amounts
packing slip
W-4
what do you want to look for on a patients check
daysheet

17. W-4

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18. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions
packing slip
accounting
write it once program
PO

19. The money owed to the office by the patient
W-4
AR
bookkeeping
accounts receivable

20. Daily recording of the accounts or transactions of the business
accounting
bookkeeping
assets
AP

21. Write it once program
write it once program
pegboard
packing slip
invoice

22. Amount owed
accounts receivable ratio
liabilities
balance
superbill

23. Properties of value that are owned by a business entity - supplies -equipment - property
net salary
accounts receivable ratio
packing slip
assets

24. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31
W-2
daysheet
superbill
purchase order

25. Formula that measures the speed in which outstanding accounts are paid
purchase order
accounts receivable ratio
accounts payable
write it once program

26. List all charges payments and adjustments - balance up to date
ROA
bookkeeping
purchase order
patient ledger

27. Accounts receivable
purchase order
variable cost
Employee's withholding allowance certificate
AR

28. Accounts payable
superbill
AP
variable cost
pegboard

29. Money paid out for supplies and services
accounts payable
variable cost
patient ledger
petty cash

30. Encounter form - common procedures and diagnosis
Name at least 4 things to check for/do when recording financial records
pegboard
accounts receivable ratio
superbill

31. Received on account
Name at least 4 things to check for/do when recording financial records
petty cash
ROA
W-4

32. Purchase order
purchase order
W-2
pegboard
PO