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. Signature - correct date - correct amount in both areas
pegboard
adjustment
what do you want to look for on a patients check
daysheet

2. List all charges payments and adjustments - balance up to date
third party check
patient ledger
ROA
net salary

3. Salaries - cost of supplies - cost of treating patients - month to month changes
ROA
gross salary
accounts payable
variable cost

4. System of monitoring the financial status of a business and the results of its activities and providing info to make financial decisions
liabilities
balance
write it once program
accounting

5. Form used to record daily patient transactions
gross salary
ROA
AP
daysheet

6. Write it once program
assets
accounts receivable ratio
accounts payable
pegboard

7. Formula that measures the speed in which outstanding accounts are paid
pegboard
accounting
purchase order
accounts receivable ratio

8. Accounts payable
accounts payable
superbill
Employee's withholding allowance certificate
AP

9. Indicates the number of exemptions claimed by the employee for income tax purpose
W-4
accounts receivable
bookkeeping
accounts payable

10. Increase or decrease to patients account
variable cost
adjustment
bookkeeping
PO

11. W-4

12. Gross earning minus taxes and deductions - take home pay
assets
accounts payable
net salary
gross salary

13. Day sheets - ledger card - encounter forms - receipt forms
packing slip
invoice
write it once program
variable cost

14. Received on account
Employee's withholding allowance certificate
accounts receivable
ROA
petty cash

15. Summarizes all earning and deductions for the year and must be prepared for each employee by Jan 31
patient ledger
what do you want to look for on a patients check
accounts receivable
W-2

16. List of items to be purchase with approval
purchase order
AR
W-2
Employee's withholding allowance certificate

17. Money paid out for supplies and services
net salary
write it once program
accounts receivable
accounts payable

18. List of items in a package - no dollar amounts
net salary
packing slip
invoice
petty cash

19. The money owed to the office by the patient
Employee's withholding allowance certificate
invoice
daysheet
accounts receivable

20. Amount earned before deductions
invoice
pegboard
gross salary
AR

21. Properties of value that are owned by a business entity - supplies -equipment - property
invoice
accounting
assets
balance

22. A check written to one person from an other person or company
third party check
AR
superbill
write it once program

23. List of items with prices - sometimes serves as a bill
invoice
gross salary
W-2
purchase order

24. Debts and financial obligations for which one is responsible - legal responsibility
liabilities
accounting
balance
net salary

25. Purchase order
accounting
invoice
purchase order
PO

26. Money kept in the office for minor - routine - or unexpected expenses
petty cash
variable cost
patient ledger
purchase order

27. Shows % of outstanding debt collected
packing slip
accounts receivable ratio
patient ledger
collection ratio

28. Encounter form - common procedures and diagnosis
purchase order
collection ratio
patient ledger
superbill

29. Daily recording of the accounts or transactions of the business
bookkeeping
liabilities
variable cost
gross salary

30. 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
Employee's withholding allowance certificate
invoice

31. Amount owed
assets
balance
ROA
AP

32. Accounts receivable
AR
purchase order
variable cost
invoice