Bookkeeping Accounting Exam/23
Questions with Answers
employee's withholding allowance certificate - -W-4
-W-2 - -summary of all wages and deductions; must be sent by Jan 31st.
-W-4 - -# of exemptions claimed for income taxes
-superbill - -encounter form common procedures and diagnosis and when to
return
-patient ledger - -lists all charges, payments and adjustments, balance
should always be up to date
-daysheet - -record of all daily transactions
-accounts receivable ratio - -formula that measures speed in which
outstanding accounts are paid
-collection ratio - -% of outstanding debt collected
-variable cost (give example) - -supplies, cost of treatment, salaries, costs
that vary month to month
-pegboard - -example of write it once program
-write-it-once program - -system consists of day sheet, ledger cards,
encounter forms and receipts (used altogether)
-accounts receivable - -monies owed TO business
-accounts payable - -monies owed BY business
-bookkeeping - -actual day to day recording part of accounting program,
writing
-accounting - -system to monitor financial status; provide info to make
financial decisions
-assets - -properties of value owned by business
-liabilities - -debts and obligations the business is responsible for
Questions with Answers
employee's withholding allowance certificate - -W-4
-W-2 - -summary of all wages and deductions; must be sent by Jan 31st.
-W-4 - -# of exemptions claimed for income taxes
-superbill - -encounter form common procedures and diagnosis and when to
return
-patient ledger - -lists all charges, payments and adjustments, balance
should always be up to date
-daysheet - -record of all daily transactions
-accounts receivable ratio - -formula that measures speed in which
outstanding accounts are paid
-collection ratio - -% of outstanding debt collected
-variable cost (give example) - -supplies, cost of treatment, salaries, costs
that vary month to month
-pegboard - -example of write it once program
-write-it-once program - -system consists of day sheet, ledger cards,
encounter forms and receipts (used altogether)
-accounts receivable - -monies owed TO business
-accounts payable - -monies owed BY business
-bookkeeping - -actual day to day recording part of accounting program,
writing
-accounting - -system to monitor financial status; provide info to make
financial decisions
-assets - -properties of value owned by business
-liabilities - -debts and obligations the business is responsible for
