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Chapter 15 Bookkeeping Test Review Questions and Answers A+ Graded $8.49   Add to cart

Exam (elaborations)

Chapter 15 Bookkeeping Test Review Questions and Answers A+ Graded

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  • Chapter 15 Bookkeeping

Chapter 15 Bookkeeping Test Review Questions and Answers A+ Graded

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  • August 14, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Chapter 15 Bookkeeping
  • Chapter 15 Bookkeeping
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Nursephil2023
Chapter 15 Bookkeeping Test Review
Questions and Answers A+ Graded
Amounts owed to creditors are known as - -Accounts payable

-Professional discounts, courtesy adjustments, and disallowances by
insurance companies are examples of - -Adjustments

-In a manual bookkeeping system, copies of the ledger card can be used as -
-Patient statements

-An accounting method that is not self balancing is - -Single entry
accounting

-Cash, inventory, furniture, and equipment are types of - -Assets

-Change for a patient who pays cash is made from the - -Change drawer

-For minor office expenses, money should be taken from the - -Petty cash
drawer

-Recording the financial affairs of a business is the main purpose of all - -
Bookkeeping systems

-Amounts paid out for the expenses of the medical practice are recorded in
the - -Accounts payable ledger

-Payments at the time of service and payments are received by mail must
be recorded - -Daily

-It is important that each day is cash and check receipts equal of the days
total - -Bank deposit

-Recording each transaction on a daily ledger is referred to as - -Posting

-Most medical practices rely on the administrative medical assistant to have
solid - -Bookkeeping skills

-Fees for office visits, laboratory tests, medical supplies, and other services
for patients are - -Charges

-A common book keeping abbreviation for coinsurance is - -COINS.

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