Bookkeeping Quiz UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
Bookkeeping
Institution
Bookkeeping
Bookkeeping Quiz UPDATED ACTUAL
Exam Questions and CORRECT Answers
When should daysheets be updated? - CORRECT ANSWER - As each transaction takes
place
In which of the following ledgers must an outstanding patient be recorded? - CORRECT
ANSWER - Both the patient ledger and the accounts rece...
Bookkeeping Quiz UPDATED ACTUAL
Exam Questions and CORRECT Answers
When should daysheets be updated? - CORRECT ANSWER - As each transaction takes
place
In which of the following ledgers must an outstanding patient be recorded? - CORRECT
ANSWER - Both the patient ledger and the accounts receivable ledger
Payments received by mail do not have to be posted to the patient ledger - CORRECT
ANSWER - False
In which of the following ledgers would an assistant look to find the most current bank balance -
CORRECT ANSWER - Check ledger
In which of the following letters with an assistant look to find a specific patient's current
outstanding balance - CORRECT ANSWER - Patient ledger
In which of the following ledgers what an assistant look to find information on all the debts
owed by the medical office - CORRECT ANSWER - Accounts payable ledger
The single entry system requires an entry to be entered twice - CORRECT ANSWER -
False
Which of the following is a disadvantage to the single entry system - CORRECT
ANSWER - Does not include built in quality check
Why is the pegboard system also called the "write-it-once" method? - CORRECT
ANSWER - Entries are posted to several records at once.
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