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