Bookkeeping Exam Questions and
Answers
Balance - Answer -Make sure the balance is akeays kept current on the patient ledger
Accounts Receivable Ratio - Answer -Formula measures the speed in which
outstanding accounts are payed
Bookkeeping - Answer -Actual daily recording of the accounts and transactions of the
business
Accounts receivable - Answer -Money the clinic has to collect
Petty cash - Answer -Money kept in office for unexpected expenses
W-4 - Answer -Employees withholding allowance certificate
Collection ratio - Answer -shows percentage of outstanding debt collected
Variable cost - Answer -Examples include: Cost of supplies, salaries, and over all
treating of patients
Purchase Order - Answer -Should be compared with bill for supplies
Net salary - Answer -Amount of a psyched after all deductions have been made
Pegboard/write it once program - Answer -Type of ledger
Superbill/patient ledger/day sheet - Answer -A form in which we post charges from a
patients office visit a record of all financial transactions and services for the day
What do you want to look for when receiving a patient check? - Answer -1) check ID
2) check that the number written matches the word written
3) check the signature
4) write the patients account number on the front
Third party check - Answer -Avoiding receiving these types of checks
Certified check - Answer -Checks willing to receive 1
Answers
Balance - Answer -Make sure the balance is akeays kept current on the patient ledger
Accounts Receivable Ratio - Answer -Formula measures the speed in which
outstanding accounts are payed
Bookkeeping - Answer -Actual daily recording of the accounts and transactions of the
business
Accounts receivable - Answer -Money the clinic has to collect
Petty cash - Answer -Money kept in office for unexpected expenses
W-4 - Answer -Employees withholding allowance certificate
Collection ratio - Answer -shows percentage of outstanding debt collected
Variable cost - Answer -Examples include: Cost of supplies, salaries, and over all
treating of patients
Purchase Order - Answer -Should be compared with bill for supplies
Net salary - Answer -Amount of a psyched after all deductions have been made
Pegboard/write it once program - Answer -Type of ledger
Superbill/patient ledger/day sheet - Answer -A form in which we post charges from a
patients office visit a record of all financial transactions and services for the day
What do you want to look for when receiving a patient check? - Answer -1) check ID
2) check that the number written matches the word written
3) check the signature
4) write the patients account number on the front
Third party check - Answer -Avoiding receiving these types of checks
Certified check - Answer -Checks willing to receive 1
