Exam (elaborations)
Bookkeeping Quiz Questions and Answers Fully Solved
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Exam of 2 pages for the course Bookkeeping at Bookkeeping (Bookkeeping Quiz)
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Bookkeeping QuizWhen should daysheets be updated? - answerAs each transaction takes place
In which of the following ledgers must an outstanding patient be recorded? -
answerBoth the patient ledger and the accounts receivable ledger
Payments received by mail do not have to be posted to the patient ledger - answerFalse
In which of the following ledgers would an assistant look to find the most current bank
balance - answerCheck ledger❤️
In which of the following letters with an assistant look to find a specific patient's current
outstanding balance - answerPatient ledger
In which of the following ledgers what an assistant look to find information on all the
debts owed by the medical office - answerAccounts payable ledger
The single entry system requires an entry to be entered twice - answerFalse
Which of the following is a disadvantage to the single entry system - answerDoes not
include built in quality check
Why is the pegboard system also called the "write-it-once" method? - answerEntries are
posted to several records at once.
Which manual bookkeeping system has a built in way to check for errors -
answerDouble-entry system
Which of these is the most appropriate way to make corrections and a manual
bookkeeping system - answerDraw a line through the mistake and write the correction
above
If an office uses a computer as bookkeeping system, understanding man your
bookkeeping is unnecessary - answerFalse
Patient payment information entered on the day sheet must also be posted on the
patient ledger - answerTrue
Why are insurance adjustments often necessary - answerBecause medical offices
insurance companies have contracts for reduced charges
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