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Chapter 7 bookkeeping procedures Questions and Answers fully Solved
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Chapter 7 bookkeeping procedures
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Chapter 7 bookkeeping proceduresChecks that are received by the medical facility should be endorsed with a personal
endorsement - answer False
professional liability policies can be discarded after 5 years - answer False
The use of the accrual accounting method means that expenses are recorded when
bills are paid - answer False
Desired action is a common classification system that identifies the effect for which a
drug is given - answer True
Usually medical offices use alphabetic billing for billing purposes - answer False
Liabilities refer to money that is owed to the practice - answer False
If a third-party is to pay for a patient's medical services, all that is needed is for the office
to be notified - answer False
Skips our patients that owe money and have moved, leaving no forwarding address -
answer True
A complimentary close is a required part of a memorandum - answer False
financial records pertaining to the patient are not a part of their medical record -
answerTrue
Topics such as domestic violence or child abuse or not appropriate for inclusion in the
family history record - answerTrue
Accounts payable is an accounting duty that is often performed by an independent
company outside the office - answerFalse
Charges for the services and payments for A patient should be kept track of on the daily
log - answerFalse
When a doctor is visiting a patient outside the office, in hospitals or nursing homes
duplicate patient records must be maintained - answerTrue
Money market accounts earn interest at the rate at which major corporations lend to or
borrow from one another - answerTrue
, On the deposit slip the ABA number should be entered - answerTrue
An encounter form is a type of charge slip that utilizes diagnostic and procedure codes -
answerTrue
Most medical facilities collect copayments or balances due from patient's each visit -
answerTrue
If the bank statement has been successfully reconciled then that means all of the
checks written by the office have been cleared - answerFalse
Balances beyond what is covered by insurance are usually collected at the time of the
visit - answerTrue
Past history is the portion of the medical history where childhood illnesses, surgeries,
hospital stays and invasive diagnostic tests are included - answerTrue
Liabilities refer to money that the practice owes - answerTrue
An account is typically considered overdue after 90 days - answerFalse
An agreement has been made with the patient to pay monthly installments, the
regulation that govern the written contract are known as the Lenders Protective Act -
answerFalse
For established patients, the height and weight are recorded in the diagnosis
information - answerFalse
Other names for a charge slip include encounter form and super bill - answerTrue
Disbursements are considered to parts of accounts payable - answerTrue
Under most HMO plans, the patient who falls and is seriously injured must go to the
emergency room for treatment - answerFalse
Ledger balancing is the process which determines how long specific accounts and
balances have been outstanding - answerFalse
Bills for office rent, equipment rental, and salaries would be under accounts payable -
answerTrue
Patient teaching is very important to the prognosis of the patient. Any teaching should
therefore be - answerDocumented as part of the patient medical record
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