1185396
Descrição
Quiz por carrieleekennedy, atualizado more than 1 year ago
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Criado por carrieleekennedy
mais de 9 anos atrás
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Questão 1
Questão
Which of the following statements about double-entry bookkeeping is NOT true?
Responda
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It has checks and balances
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It is expensive
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It requires skill
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It is accurate
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It requires more time
Questão 2
Questão
A bookkeeping term synonymous with "debit" is
Responda
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charge
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discount
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adjustment
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balance
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receipt
Questão 3
Questão
The one-write system of check writing is a feature of
Responda
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single-entry bookkeeping
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double-entry bookkeeping
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pegboard bookkeeping
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savings and loan accounts
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checking accounts
Questão 4
Questão
The individual record of the amounts owed and pid by each patient is ound in the
Responda
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combined journal
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general ledger
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day book (daily journal)
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patient's ledger
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worksheet
Questão 5
Questão
Posting to the patients' ledger and to the combined journal is made from the
Responda
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day book (daily journal)
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general ledger
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special journal
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trial balance
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worksheet
Questão 6
Questão
The process of transferring an amount from one record, such as a journal, to another record, such as a ledger, is called
Responda
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debiting
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crediting
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posting
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extension
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verification
Questão 7
Questão
The word "debit" means
Responda
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add
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subtract
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debt
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right
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total
Questão 8
Questão
Owners' equity is a term used intercchangeaable with
Responda
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proprietorship
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liability
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professional income
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an asset
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income statementn
Questão 9
Questão
A daily journal is where
Responda
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source documents are recorded
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items from the general ledger are tranferred
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financial statements originate
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the trial balance is erived
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the petty cash account is credited
Questão 10
Questão
A liability is
Responda
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An expense
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opposite of credit
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recorded in the left column
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a debit
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all of these
Questão 11
Questão
The credit column in an accounting system is always
Responda
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the accounting base
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recorded in the left column
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recorded in the right column
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payments from the practice for expenses
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the patient's account due
Questão 12
Questão
Receipts are
Responda
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amounts transferred from one account to another
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records of patients' financial accounts
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the difference between the debit and credit columns
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payment for professional services
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daily bank deposits from practice
Questão 13
Questão
An accounts receivable ledger consists of
Responda
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a book of original entry
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a payment for professional services
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records of patients' current financil status
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a journal of disbursements
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exenses owed by the practice
Questão 14
Questão
The cash basis accounting system
Responda
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is the same as the accrual basis
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uses the formula, income = payment received
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is used by merchants
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is recorded in the left column
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is the difference between debit and credit columns
Questão 15
Questão
A depositor's own check that is guaranteed by the bank is called a
Responda
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bank draft
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certified check
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counter check
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limited check
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cashier's check
Questão 16
Questão
The accounts receivable trial balance is a/an
Responda
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annual summary
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daily summary
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monthly summary
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weekly statement
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income taax preliminary
Questão 17
Questão
The most active financial record in the medical office is the
Responda
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general journal
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worksheet
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cash payment journal
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accounts receivable ledger
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trial balance
Questão 18
Questão
The general journal, which is a record of the physician's practice, includes records of services rendered, carges make, and monies received. The general journal may be known by several other names. Which of the following is NOT another name for the general journal?
Responda
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daily log
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day book
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day sheet
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charge journal
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accrual accounting system
Questão 19
Questão
The cash and checks taken as payments for professional services rendered are called
Responda
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payables
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disbursements
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receivables
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receipts
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discounts
Questão 20
Questão
Payments made by patients are regarded as the physician's
Responda
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earnings
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gross income
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drawing
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proprietorship
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equity
Questão 21
Questão
Collection agencies may retain up to _____% of the account collected on an overdue medical bill
Responda
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70 to 80
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40 to 60
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20 to 30
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10 to 25
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5 to 15
Questão 22
Questão
Billing statements to the patients and the patients' insurance company are made from the
Responda
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general journal
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worksheet
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cash payment journal
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accounts receivable ledger
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trial balance
Questão 23
Questão
Regulation Z of the Truth in Lnding Act applies to physicians who accept payment from patients
Responda
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in cash
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in two installents
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in more than four installments
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in six or more installments
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with credit cards
Questão 24
Questão
Statues of limitations vary from one state to another and may range from
Responda
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2 to 8 years
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3 to 8 years
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4 to 7 years
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5 to 7 years
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6 to 9 years
Questão 25
Questão
Another term meaning "payroll register" is
Responda
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payroll journal
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payroll check
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employee's earnings record
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patient ledger
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financial record
Questão 26
Questão
The collecction percentage is obtained for a given period of time by dividing
Responda
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accounts receivable by amount collected
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amount collected by accounts receivable
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accounts receivable by total charges for all services
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total charges for all services by acconts receivable
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numer of accounts receivable by total number of patients
Questão 27
Questão
A list of accounts showing the title and balance of each account is called a/an
Responda
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income statement
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balance sheet
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trial balance
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ledger
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chart of accounts
Questão 28
Questão
Which of the following equattions is correct?
Responda
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asets plus liabilities equals proprietorship
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assets plus proprietorship equals liabilities
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assets equals liabilities plus proprietorship (owner equity)
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assets equals liabilities minus proprietorship
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assets equals proprietorship minus liabilities
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