100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Chapter 7 bookkeeping procedures Question and answers verified to pass 2024 $13.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Bookkeeping
  4.  
  5. Bookkeeping

Exam (elaborations)

Chapter 7 bookkeeping procedures Question and answers verified to pass 2024

 0 purchase
  • Course
  • Bookkeeping
  • Institution
  • Bookkeeping

Chapter 7 bookkeeping procedures Question and answers verified to pass 2024 Chapter 7 bookkeeping procedures, Bookkeeping level 1, Record Keeping and Accounting, Checks that are received by the medical facility should be endorsed with a personal endorsement - correct answer False professio...

[Show more]

Preview 3 out of 29  pages

Document information

  • August 30, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chapter 7 bookkeeping procedures
  • chapter 7 bookkeeping procedures question and answ

Written for

  • Bookkeeping
  • Bookkeeping

Seller

avatar-seller
flyhigher329

Reviews received

Content preview

Chapter 7 bookkeeping procedures,
Bookkeeping level 1, Record Keeping
and Accounting,
Checks that are received by the medical facility should be endorsed with a
personal endorsement - correct answer ✔False


professional liability policies can be discarded after 5 years - correct answer
✔False


The use of the accrual accounting method means that expenses are recorded
when bills are paid - correct answer ✔False


Desired action is a common classification system that identifies the effect for
which a drug is given - correct answer ✔True


Usually medical offices use alphabetic billing for billing purposes - correct
answer ✔False


Liabilities refer to money that is owed to the practice - correct answer ✔False


If a third-party is to pay for a patient's medical services, all that is needed is for
the office to be notified - correct answer ✔False


Skips our patients that owe money and have moved, leaving no forwarding
address - correct answer ✔True

,A complimentary close is a required part of a memorandum - correct answer
✔False


financial records pertaining to the patient are not a part of their medical record
- correct answer ✔True


Topics such as domestic violence or child abuse or not appropriate for
inclusion in the family history record - correct answer ✔True


Accounts payable is an accounting duty that is often performed by an
independent company outside the office - correct answer ✔False


Charges for the services and payments for A patient should be kept track of
on the daily log - correct answer ✔False


When a doctor is visiting a patient outside the office, in hospitals or nursing
homes duplicate patient records must be maintained - correct answer ✔True


Money market accounts earn interest at the rate at which major corporations
lend to or borrow from one another - correct answer ✔True


On the deposit slip the ABA number should be entered - correct answer
✔True


An encounter form is a type of charge slip that utilizes diagnostic and
procedure codes - correct answer ✔True


Most medical facilities collect copayments or balances due from patient's each
visit - correct answer ✔True

, If the bank statement has been successfully reconciled then that means all of
the checks written by the office have been cleared - correct answer ✔False


Balances beyond what is covered by insurance are usually collected at the
time of the visit - correct answer ✔True


Past history is the portion of the medical history where childhood illnesses,
surgeries, hospital stays and invasive diagnostic tests are included - correct
answer ✔True


Liabilities refer to money that the practice owes - correct answer ✔True


An account is typically considered overdue after 90 days - correct answer
✔False


An agreement has been made with the patient to pay monthly installments,
the regulation that govern the written contract are known as the Lenders
Protective Act - correct answer ✔False


For established patients, the height and weight are recorded in the diagnosis
information - correct answer ✔False


Other names for a charge slip include encounter form and super bill - correct
answer ✔True


Disbursements are considered to parts of accounts payable - correct answer
✔True

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 flyhigher329. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$13.99
  • (0)
Add to cart
Added