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Chapter 15 Bookkeeping questions with answers $9.99   Add to cart

Exam (elaborations)

Chapter 15 Bookkeeping questions with answers

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  • Course
  • Bookkeeping
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  • Bookkeeping

Chapter 15 Bookkeeping questions with answers

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  • August 13, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Bookkeeping
  • Bookkeeping
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BravelRadon
Chapter 15 Bookkeeping

Amounts owed to creditors are known as? - correct answer ✔✔Accounts payable



Professional discounts, courtesy adjustments and dis allowances by insurance companies are examples
of? - correct answer ✔✔Adjustments



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



An accounting method that is not self balancing is? - correct answer ✔✔Single-entry accounting



Cash, inventory, furniture and equipment are types of? - correct answer ✔✔Assets



Change for a patient who pays cash is made from? - correct answer ✔✔Change drawer



For minor office expenses, money should be taken from the? - correct answer ✔✔Petty cash fund



Recording the financial affairs of a business is the main purpose of all? - correct answer ✔✔Bookkeeping
systems



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



Payments at the time of service and payments received by mail must be recorded when? - correct
answer ✔✔Daily



It is important that each day's cash and check receipts equal the days total? - correct answer ✔✔Bank
deposit

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