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BOOKKEEPING / ACCOUNTING PACKAGE WITH CORRECTLY ANSWERED QUESTIONS/2024
[Show more]BOOKKEEPING / ACCOUNTING PACKAGE WITH CORRECTLY ANSWERED QUESTIONS/2024
[Show more]Bookkeeping Ch 1-6 
 
Bookkeeping - Answer- the activity of recording business transactions 
 
Double-entry bookkeeping - Answer- a system of recording and classifying business transactions that maintains the balance of the accounting equation 
 
General ledger - Answer- the ledger that contains all...
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Add to cartBookkeeping Ch 1-6 
 
Bookkeeping - Answer- the activity of recording business transactions 
 
Double-entry bookkeeping - Answer- a system of recording and classifying business transactions that maintains the balance of the accounting equation 
 
General ledger - Answer- the ledger that contains all...
Bookkeeping Test 
 
 
A listing of the account numbers and titles but without account balances is the ______________ of accounts. - Answer- Chart 
 
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and ______________ order should be compared. - Answer- Purchases 
 
...
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Add to cartBookkeeping Test 
 
 
A listing of the account numbers and titles but without account balances is the ______________ of accounts. - Answer- Chart 
 
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and ______________ order should be compared. - Answer- Purchases 
 
...
Bookkeeping Certification 
 
The review of financial statements to assess their fairness and adherence to GAAP is - Answer- auditing 
 
An independent accountant who performs financial audits is a - Answer- Certified Public Accountant (CPA) 
 
To become a CPA, an individual - Answer- must have a cer...
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Add to cartBookkeeping Certification 
 
The review of financial statements to assess their fairness and adherence to GAAP is - Answer- auditing 
 
An independent accountant who performs financial audits is a - Answer- Certified Public Accountant (CPA) 
 
To become a CPA, an individual - Answer- must have a cer...
BOOKKEEPING BASICS 
 
What is the difference between accounting and bookkeeping? - Answer- A bookkeeper's job is to record transactions in the books of an entity. An accountant's job is to use the information given by bookkeepers to prepare financial statements. 
 
What is double-entry bookkeeping...
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Add to cartBOOKKEEPING BASICS 
 
What is the difference between accounting and bookkeeping? - Answer- A bookkeeper's job is to record transactions in the books of an entity. An accountant's job is to use the information given by bookkeepers to prepare financial statements. 
 
What is double-entry bookkeeping...
Bookkeeping Class by Intuit 
 
Bookkeepers typically... - Answer- Record financial transactions, reconcile bank accounts, manage accounts receivable, manage accounts payable, work with tax preparers and assist with tax compliance, and generate financial statements. 
 
As a bookkeeper what would Hone...
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Add to cartBookkeeping Class by Intuit 
 
Bookkeepers typically... - Answer- Record financial transactions, reconcile bank accounts, manage accounts receivable, manage accounts payable, work with tax preparers and assist with tax compliance, and generate financial statements. 
 
As a bookkeeper what would Hone...
Ch. 15: Bookkeeping 
 
What is accounts payable? - Answer- Amount owed to creditors 
 
Give examples of why a medical practice makes adjustments (write off) accounts? - Answer- Professional discounts 
Courtesy adjustment 
Disallowances by insurance company 
 
In manual bookkeeping systems, the pati...
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Add to cartCh. 15: Bookkeeping 
 
What is accounts payable? - Answer- Amount owed to creditors 
 
Give examples of why a medical practice makes adjustments (write off) accounts? - Answer- Professional discounts 
Courtesy adjustment 
Disallowances by insurance company 
 
In manual bookkeeping systems, the pati...
Accounting v. Bookkeeping 
 
Accounting - Answer- The recording, measurement and interpretation of financial information 
 
Bookkeeping - Answer- Typically limited to the routine, day-to-day recording of business transactions 
 
Difference between accounting and bookkeeping - Answer- Bookkeeping is ...
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Add to cartAccounting v. Bookkeeping 
 
Accounting - Answer- The recording, measurement and interpretation of financial information 
 
Bookkeeping - Answer- Typically limited to the routine, day-to-day recording of business transactions 
 
Difference between accounting and bookkeeping - Answer- Bookkeeping is ...
Bookkeeping Quiz 
 
When should daysheets be updated? - Answer- As each transaction takes place 
 
In which of the following ledgers must an outstanding patient be recorded? - Answer- Both the patient ledger and the accounts receivable ledger 
 
Payments received by mail do not have to be posted to ...
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Add to cartBookkeeping Quiz 
 
When should daysheets be updated? - Answer- As each transaction takes place 
 
In which of the following ledgers must an outstanding patient be recorded? - Answer- Both the patient ledger and the accounts receivable ledger 
 
Payments received by mail do not have to be posted to ...
Bookkeeping Terms 
 
Journal - Answer- Record of financial transaction from original documents ( checks, receipts, invoices) 
 
Chart of accounts - Answer- Acts like folders where specific transactions are placed 
 
Assets - Answer- anything of value owned by a business 
 
Liabilities - Answer- amou...
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Add to cartBookkeeping Terms 
 
Journal - Answer- Record of financial transaction from original documents ( checks, receipts, invoices) 
 
Chart of accounts - Answer- Acts like folders where specific transactions are placed 
 
Assets - Answer- anything of value owned by a business 
 
Liabilities - Answer- amou...
Bookkeeping/Accounting Terms 
 
Accounting - Answer- The process of recording and communicating financial information that is intended to be useful in making economic decisions. 
 
Entity assumption - Answer- A business is considered a separate entity distinguishable from its owners, creditors, empl...
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Add to cartBookkeeping/Accounting Terms 
 
Accounting - Answer- The process of recording and communicating financial information that is intended to be useful in making economic decisions. 
 
Entity assumption - Answer- A business is considered a separate entity distinguishable from its owners, creditors, empl...
BOOKKEEPING DEFINATIONS 
 
accounts payable - Answer- The management of debit incurred and not yet paid; money the provider owes to others. 
 
accounts receivable - Answer- Money that is expected but has not yet been received 
 
adjustments - Answer- Credits posted to the patient account record when...
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Add to cartBOOKKEEPING DEFINATIONS 
 
accounts payable - Answer- The management of debit incurred and not yet paid; money the provider owes to others. 
 
accounts receivable - Answer- Money that is expected but has not yet been received 
 
adjustments - Answer- Credits posted to the patient account record when...
Bookkeeping chapter 1 
 
Liability - Answer- Debt owed to others 
 
Fiscal year - Answer- Only 12 consecutive months for an accounting period 
 
Bookkeeping - Answer- A process of recording business transaction in a set of books 
 
Accounts payable - Answer- Debt owing to suppliers 
 
Accounts recei...
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Add to cartBookkeeping chapter 1 
 
Liability - Answer- Debt owed to others 
 
Fiscal year - Answer- Only 12 consecutive months for an accounting period 
 
Bookkeeping - Answer- A process of recording business transaction in a set of books 
 
Accounts payable - Answer- Debt owing to suppliers 
 
Accounts recei...
Intuit Bookkeeping Exam 
 
Four Key Elements of Bookkeeping Ethics - Answer- Honesty, Objectivity, Confidentiality and Professionalism 
 
What is DEALER - Answer- Dividends + Expenses + Assets = Liabilities + Owner's Equity (beginning) + Revenue 
 
What's is the accounting Equation? - Answer- Asse...
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Add to cartIntuit Bookkeeping Exam 
 
Four Key Elements of Bookkeeping Ethics - Answer- Honesty, Objectivity, Confidentiality and Professionalism 
 
What is DEALER - Answer- Dividends + Expenses + Assets = Liabilities + Owner's Equity (beginning) + Revenue 
 
What's is the accounting Equation? - Answer- Asse...
Basic Bookkeeping 
 
Which of the following accounts is an asset account? - Answer- cash, inventory, accounts receivable, all of the listed answers are correct 
 
Economic events that affect the financial position of a business are called> - Answer- Transactions 
 
Paying an amount owed to a supp...
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Add to cartBasic Bookkeeping 
 
Which of the following accounts is an asset account? - Answer- cash, inventory, accounts receivable, all of the listed answers are correct 
 
Economic events that affect the financial position of a business are called> - Answer- Transactions 
 
Paying an amount owed to a supp...
Chapter 19 Bookkeeping and Banking Chapter Vocabulary 
 
Open Accounts - Answer- Accounts that are open to charges made from time to time; physicians' patient patient accounts are usually called open-book accounts. Record of business transactions on the books that represents an unsecured account re...
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Add to cartChapter 19 Bookkeeping and Banking Chapter Vocabulary 
 
Open Accounts - Answer- Accounts that are open to charges made from time to time; physicians' patient patient accounts are usually called open-book accounts. Record of business transactions on the books that represents an unsecured account re...
Chapter 15 Bookkeeping Test Review Questions 
 
Amounts owed to creditors are known as - Answer- Accounts payable 
 
Professional discounts, courtesy adjustments, and disallowances by insurance companies are examples of - Answer- Adjustments 
 
In a manual bookkeeping system, copies of the ledger ca...
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Add to cartChapter 15 Bookkeeping Test Review Questions 
 
Amounts owed to creditors are known as - Answer- Accounts payable 
 
Professional discounts, courtesy adjustments, and disallowances by insurance companies are examples of - Answer- Adjustments 
 
In a manual bookkeeping system, copies of the ledger ca...
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