Petty cash drawer - Study guides, Class notes & Summaries

Zaxby's Final Manager Certification Test Questions and Answers Which of the following is not a recommended way to control waste? -Cook only what is needed for business levels -Prep food according to daily usage par levels -Use Fingerz that are past their hold time for Zalads -Ensure scale is clean and calibrated so resulting weight measurements are accurate - Answer️️ -Use Fingerz that are past their hold time for Zalads It is recommended to use an Oil Tracking Log to monitor and no...

Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements - answer-Which of the following risks allows the perpetrator to hide the theft in the accounting records? a. Checks issued payable to cash b. Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements c. Lack of matching documentation d. Checks made payable to authorized signer Checks created a...

Any dealing that involves money is termed _____. - Answer-transaction Which is an itemized expansion of the accounting equation, listing assets, liabilities and the resulting owner's equity? - Answer-balance sheet When reconciling, what do you do with the interest earned? - Answer-Add the amounts to your check register. An income statement tracks profit by listing revenues and subtracting _____. - Answer-expenses What term(s) refers to maintaining an office's financial records to k...

Ch. 15: Bookkeeping What is accounts payable? - Answer- Amount owed to creditors Give examples of why a medical practice makes adjustments (write off) accounts? - Answer- Professional discounts Courtesy adjustment Disallowances by insurance company In manual bookkeeping systems, the patient statements may be created by copying what? - Answer- Patient ledger card Which accounting method is not self balancing? - Answer- Single entry accounting Name examples of Assets a company m...

An office manager asks a medical administrative assistant to mail a letter to a patient who is being dismissed from from the practice. Which methods should the assistant use to mail the letter. - Certified Mail - This type of mail provides return receipts that are used to prove the recipient received the document. A medical administrative assistant should verify a patient's CPT code of which of the following processes ? - Obtaining prior authorization- Procedural CPT codes and ICD codes ar...

Fraud Examination Midterm Study Guide Questions and Complete Solutions Which of the following best describes the objective of a fraud examination? - Ans: To determine whether a crime has been committed, and if so, who is responsible Once sufficient predication has been established, what is the first step a fraud examiner following the fraud theory approach should take? - Ans: Analyze data In a fraud examination, evidence is usually gathered in a manner that moves from general to specif...

Chapter 15 Bookkeeping Test Review Questions Amounts owed to creditors are known as - Answer- Accounts payable 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 statements An accounting method that is not self balancing is - Answer- Single entry accounting Cash, inventory, furniture, and equipment are types of - Answe...

MRTS 1342 Exam 2 Study Guide with Complete Solutions What are endorsements - Answer️️ --where you sign the check (blank, special, qualified, restrictive) define payee - Answer️️ -one to whom the check is payable, a person or company who will receive payment on a promissory note, check, draft or money order Define outstanding check - Answer️️ -check not yet presented to the bank for payment or deducted from the bank balance Deposit in transit - Answer️️ --deposits not yet ...

Two men argued over the final results of the football game. The first man didn't think his friend knew what he was talking about and spit at him; the spittle landed on his friend's shirt. What crime, if any, occurred? - Answer The first man has committed the crime of battery because he made contact even though he caused no harm. - Misd. A woman walked into the local bar and saw her boyfriend with another woman. She went to the table and hit him on the head. He fell off his barstool, stru...

An office manager asks a medical administrative assistant to mail a letter to a patient who is being dismissed from from the practice. Which methods should the assistant use to mail the letter. - Certified Mail - This type of mail provides return receipts that are used to prove the recipient received the document. A medical administrative assistant should verify a patient's CPT code of which of the following processes ? - Obtaining prior authorization- Procedural CPT codes and ICD codes are req...