Petty cash drawer - Study guides, Class notes & Summaries

Chapter 15 Bookkeeping Test Review Questions and answers verified to pass 2024 Chapter 15 Bookkeeping Test Review Questions, Double Entry Book Keeping ( Chapter 6 ), Bookkeeping, Chapter 19 Bookkeeping and Banking Chapter Vocabulary, The double entry system of book-keeping Amounts owed to creditors are known as - correct answer Accounts payable Professional discounts, courtesy adjustments, and disallowances by insurance companies are examples of - correct answer Adjustments In a m...

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, str...

CMAA Certification Exam (2024 Update) || All Questions & Solutions Graded A+ CMAA Certification Exam (2024 Update) || All Questions & Solutions Graded A+ 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. - ANSWER - Certified Mail - This type of mail provides return receipts that are used to prove the recipient received the document. A medical admi...

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. - Answer - 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 ? - Answer - Obtaining prior authorization- Procedural CPT codes ...

What are endorsements -:- -where you sign the check (blank, special, qualified, restrictive) define payee -:- 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 -:- check not yet presented to the bank for payment or deducted from the bank balance Deposit in transit -:- -deposits not yet added to the bank balance Service Charge -:- a fee a bank charges for handling a checking a...

MATPA topic 2 Exam Questions and Answers A group of physicians who have a contract to provide services to subscribers of a plan for a set fee are part of a/an - Answer-PPO The daysheet is: - Answer-A daily record of changes and payments Which of the following acts states that if a physician agrees to extend credit to one patient, the same financial statement must be extended to all patients who represent it: - Answer-The Equal Credit Opportunity Act The modified block letter format, each ...

MATPA topic 2 Exam Questions and Answers A group of physicians who have a contract to provide services to subscribers of a plan for a set fee are part of a/an - Answer-PPO The daysheet is: - Answer-A daily record of changes and payments Which of the following acts states that if a physician agrees to extend credit to one patient, the same financial statement must be extended to all patients who represent it: - Answer-The Equal Credit Opportunity Act The modified block letter format, each ...

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 may have - ANSWER-Cash Inve...

INTERMEDIATE ACCOUNTING 1 FINAL GRADING EXAMINATION 1. It is a list of accounts and their balances. a. Chart of accounts c. Ledger b. Trial balance d. Journal 2. Which of the following statements is most likely to be correct? a. Bad debts recovered account, if having an income tax benefit, is transferred to profit or loss summary account. b. A trial balance establishes the arithmetical accuracy of the accounting records. c. A well maintained asset need not be depreciated. d. Drawing of...

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 - ANSWER-Assets Change for a patient who pays cash is ma...