Exam (elaborations)
Bookkeeping Quiz – 24 Questions & Answers A+ Graded
- Course
- Institution
Bookkeeping Quiz – 24 Questions & Answers A+ Graded
[Show more]
Content preview
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
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 Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now