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Bookkeeping Quiz – 24 Questions & Answers A+ Graded
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Bookkeeping Quiz – 24 Questions & Answers A+ Graded
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Bookkeeping Quiz – 24 Questions &Answers A+ Graded
When should daysheets be updated? - -As each transaction takes place
-In which of the following ledgers must an outstanding patient be recorded?
- -Both the patient ledger and the accounts receivable ledger
-Payments received by mail do not have to be posted to the patient ledger -
-False
-In which of the following ledgers would an assistant look to find the most
current bank balance - -Check ledger❤️
-In which of the following letters with an assistant look to find a specific
patient's current outstanding balance - -Patient ledger
-In which of the following ledgers what an assistant look to find information
on all the debts owed by the medical office - -Accounts payable ledger
-The single entry system requires an entry to be entered twice - -False
-Which of the following is a disadvantage to the single entry system - -Does
not include built in quality check
-Why is the pegboard system also called the "write-it-once" method? - -
Entries are posted to several records at once.
-Which manual bookkeeping system has a built in way to check for errors - -
Double-entry system
-Which of these is the most appropriate way to make corrections and a
manual bookkeeping system - -Draw 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 - -False
-Patient payment information entered on the day sheet must also be posted
on the patient ledger - -True
-Why are insurance adjustments often necessary - -Because medical offices
insurance companies have contracts for reduced charges
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