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Ch 15-Bookkeeping Test Questions and Answers Fully Solved
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Ch 15-Bookkeeping Test
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Ch 15-Bookkeeping Testamount owed on a credit transaction - answer balance
Professional discounts, courtesy adjustments, and disallowances by insurance
companies are examples of - answer adjustments
In a manual bookkeeping system, copies of the ledger card can be used as - answer
Patient Statement
In a accounting method that is not self-balancing is - answer Single entry accounting
Cash, inventory, furniture, and equipment are types of - answer assets
For minor office expenses, money should be taken from the - answer Petty cash fund
Recording the financial affairs of a business is the main purpose of all - answer
bookkeeping systems
Change for a patient who pays cash is made from the - answer Recording
Disbursement
Amounts pd out for the expenses of the medical practice are recorded in the - answer
Accounts payable ledger
Payments at the time of svc and payments received by mail must be recorded when -
answer daily
It is important that each day's cash and check receipts equals the day's total - answer
bank deposit
Recording each transaction on a daily ledger card is referred to as - answer posting
Fees for offices visit , lab tests, medical supplies and other services for patients are? -
answer Examples of Charges
A common bookkeeping abbreviation for coinsurance is? - answer COINS
Using pegboard accounting at the same time that monies are received (cash and
checks) are recorded on the day sheet and also on? - answerBank deposit slip
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