Bookkeeping syst - Study guides, Class notes & Summaries

MAINTAINING A BOOKKEEPING SYSTEM EXAM QUESTIONS AND ANSWERS Bookkeeping can create a? - ANSWER-A daily journal that provides a financial record showing patients seen services provided, charges, payments made, and outstanding balances. A deposit slip is created from? - ANSWER-the totals entered as payment is made Most agencies use password protection for? - ANSWER-for only authorized individuals are allowed access to the financial information

Maintaining a Bookkeeping System

Pegboard system - ANSWER-also called the write-it-once system; a method of tracking patient accounts that allows the figures to be proved accurate through mathematic formulas Pegboard system encompasses what series of records? - ANSWER-day sheet, or daily journal, statement- receipt, charge slip, and ledger card day sheet or daily journal records? - ANSWER-all patients seen, all charges incurred and all payments received Each day sheet provides a total column which can be used for? - AN...

I am really passionate about accounting. These notes will really help you to understand the theory behind the work that you are doing. It will enable you to see the bigger picture, and surely improve your grades.

WGU C213 Questions and Answers with Complete Solutions Purpose of Accounting 1. Recording of the day-to-day financial activities 2. Used to evaluate the company's financial status. Bookkeeping Systematic quantitative record of an activity. Accounting System 1. Handle routine bookkeeping tasks. 2. Evaluate the performance and financial status of the business. Accounting Information Used to make decisions about the future Financial Accounting Used by external users. Managerial Accounting Acc...

double-entry bookkeeping system Correct Answer: Records not only the use of the funds expended in the transaction, but also the source of the funds expended in the transaction. Italy Correct Answer: double-entry bookkeeping system was originally developed in... credits Correct Answer: sources of funds are always recorded as... debits Correct Answer: uses of funds are always recorded as... books of original entry or sources of original entry Correct Answer: various types of journ...