SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Bookkeeping Accounting
Start Test
Study First
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
assets
pegboard
AP
accounts payable
2. Debts and financial obligations for which one is responsible - legal responsibility
accounting
liabilities
AR
write it once program
3. Increase or decrease to patients account
accounts receivable ratio
adjustment
liabilities
AR
4. Purchase order
superbill
liabilities
PO
bookkeeping
5. Received on account
daysheet
ROA
W-4
packing slip
6. Amount earned before deductions
bookkeeping
gross salary
variable cost
invoice
7. Day sheets - ledger card - encounter forms - receipt forms
write it once program
pegboard
accounts receivable
AR
8. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31
Name at least 4 things to check for/do when recording financial records
third party check
W-2
pegboard
9. W-4
10. List of items to be purchase with approval
bookkeeping
patient ledger
ROA
purchase order
11. Shows % of outstanding debt collected
accounts payable
what do you want to look for on a patients check
collection ratio
Employee's withholding allowance certificate
12. List all charges payments and adjustments - balance up to date
what do you want to look for on a patients check
patient ledger
petty cash
pegboard
13. Encounter form - common procedures and diagnosis
variable cost
petty cash
superbill
daysheet
14. A check written to one person from an other person or company
accounting
Name at least 4 things to check for/do when recording financial records
ROA
third party check
15. Indicates the number of exemptions claimed by the employee for income tax purpose
write it once program
accounting
W-4
balance
16. Signature - correct date - correct amount in both areas
packing slip
daysheet
what do you want to look for on a patients check
accounting
17. Accounts payable
net salary
AP
gross salary
liabilities
18. Accounts receivable
accounting
AR
pegboard
Employee's withholding allowance certificate
19. Form used to record daily patient transactions
PO
liabilities
daysheet
purchase order
20. Money kept in the office for minor - routine - or unexpected expenses
bookkeeping
petty cash
packing slip
AP
21. Gross earning minus taxes and deductions - take home pay
AP
accounts payable
write it once program
net salary
22. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions
adjustment
W-2
W-4
accounting
23. List of items in a package - no dollar amounts
accounting
packing slip
what do you want to look for on a patients check
collection ratio
24. Daily recording of the accounts or transactions of the business
variable cost
bookkeeping
packing slip
ROA
25. Amount owed
W-2
balance
adjustment
AR
26. Formula that measures the speed in which outstanding accounts are paid
collection ratio
accounts receivable ratio
bookkeeping
daysheet
27. Write clearly - double check math - place decimal point carefully/correctly - write small enough to fit in space - finish task completely
balance
Name at least 4 things to check for/do when recording financial records
liabilities
bookkeeping
28. Money paid out for supplies and services
adjustment
third party check
accounts payable
PO
29. The money owed to the office by the patient
liabilities
petty cash
accounts receivable
balance
30. Properties of value that are owned by a business entity - supplies -equipment - property
AP
bookkeeping
assets
invoice
31. Salaries - cost of supplies - cost of treating patients - month to month changes
purchase order
Employee's withholding allowance certificate
accounts payable
variable cost
32. List of items with prices - sometimes serves as a bill
Name at least 4 things to check for/do when recording financial records
pegboard
invoice
accounts receivable ratio