1185396
Descripción
Test por carrieleekennedy, actualizado hace más de 1 año
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Creado por carrieleekennedy
hace casi 10 años
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Pregunta 1
Pregunta
Which of the following statements about double-entry bookkeeping is NOT true?
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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
Pregunta 2
Pregunta
A bookkeeping term synonymous with "debit" is
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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
Pregunta 3
Pregunta
The one-write system of check writing is a feature of
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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
Pregunta 4
Pregunta
The individual record of the amounts owed and pid by each patient is ound in the
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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
Pregunta 5
Pregunta
Posting to the patients' ledger and to the combined journal is made from the
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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
Pregunta 6
Pregunta
The process of transferring an amount from one record, such as a journal, to another record, such as a ledger, is called
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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
Pregunta 7
Pregunta
The word "debit" means
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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
Pregunta 8
Pregunta
Owners' equity is a term used intercchangeaable with
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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
Pregunta 9
Pregunta
A daily journal is where
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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
Pregunta 10
Pregunta
A liability is
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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
Pregunta 11
Pregunta
The credit column in an accounting system is always
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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
Pregunta 12
Pregunta
Receipts are
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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
Pregunta 13
Pregunta
An accounts receivable ledger consists of
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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
Pregunta 14
Pregunta
The cash basis accounting system
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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
Pregunta 15
Pregunta
A depositor's own check that is guaranteed by the bank is called a
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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
Pregunta 16
Pregunta
The accounts receivable trial balance is a/an
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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
Pregunta 17
Pregunta
The most active financial record in the medical office is the
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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
Pregunta 18
Pregunta
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?
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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
Pregunta 19
Pregunta
The cash and checks taken as payments for professional services rendered are called
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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
Pregunta 20
Pregunta
Payments made by patients are regarded as the physician's
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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
Pregunta 21
Pregunta
Collection agencies may retain up to _____% of the account collected on an overdue medical bill
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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
Pregunta 22
Pregunta
Billing statements to the patients and the patients' insurance company are made from the
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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
Pregunta 23
Pregunta
Regulation Z of the Truth in Lnding Act applies to physicians who accept payment from patients
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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
Pregunta 24
Pregunta
Statues of limitations vary from one state to another and may range from
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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
Pregunta 25
Pregunta
Another term meaning "payroll register" is
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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
Pregunta 26
Pregunta
The collecction percentage is obtained for a given period of time by dividing
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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
Pregunta 27
Pregunta
A list of accounts showing the title and balance of each account is called a/an
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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
Pregunta 28
Pregunta
Which of the following equattions is correct?
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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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