Exam (elaborations)
Ch 15-Bookkeeping Test Questions and Answers Fully Solved
- Course
- Institution
Ch 15-Bookkeeping Test
[Show more]
Content preview
Ch 15-Bookkeeping Testamount owed on a credit transaction - answer balance
Professional discounts, courtesy adjustments, and disallowances by insurance
companies are examples of - answer adjustments
In a manual bookkeeping system, copies of the ledger card can be used as - answer
Patient Statement
In a accounting method that is not self-balancing is - answer Single entry accounting
Cash, inventory, furniture, and equipment are types of - answer assets
For minor office expenses, money should be taken from the - answer Petty cash fund
Recording the financial affairs of a business is the main purpose of all - answer
bookkeeping systems
Change for a patient who pays cash is made from the - answer Recording
Disbursement
Amounts pd out for the expenses of the medical practice are recorded in the - answer
Accounts payable ledger
Payments at the time of svc and payments received by mail must be recorded when -
answer daily
It is important that each day's cash and check receipts equals the day's total - answer
bank deposit
Recording each transaction on a daily ledger card is referred to as - answer posting
Fees for offices visit , lab tests, medical supplies and other services for patients are? -
answer Examples of Charges
A common bookkeeping abbreviation for coinsurance is? - answer COINS
Using pegboard accounting at the same time that monies are received (cash and
checks) are recorded on the day sheet and also on? - answerBank deposit slip
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Dreamer252. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now