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Exam (elaborations)

Bookkeeping Quiz with complete solutions

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Bookkeeping Quiz with complete solutions

Institution
Bookkeeping
Course
Bookkeeping








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Institution
Bookkeeping
Course
Bookkeeping

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Uploaded on
August 8, 2024
Number of pages
2
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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Bookkeeping Quiz with complete
solutions
When should daysheets be updated? - Answer -As each transaction takes place

In which of the following ledgers must an outstanding patient be recorded? - Answer -
Both the patient ledger and the accounts receivable ledger

Payments received by mail do not have to be posted to the patient ledger - Answer -
False

In which of the following ledgers would an assistant look to find the most current bank
balance - Answer -Check ledger❤️

In which of the following letters with an assistant look to find a specific patient's current
outstanding balance - Answer -Patient ledger

In which of the following ledgers what an assistant look to find information on all the
debts owed by the medical office - Answer -Accounts payable ledger

The single entry system requires an entry to be entered twice - Answer -False

Which of the following is a disadvantage to the single entry system - Answer -Does not
include built in quality check

Why is the pegboard system also called the "write-it-once" method? - Answer -Entries
are posted to several records at once.

Which manual bookkeeping system has a built in way to check for errors - Answer -
Double-entry system

Which of these is the most appropriate way to make corrections and a manual
bookkeeping system - Answer -Draw a line through the mistake and write the correction
above

If an office uses a computer as bookkeeping system, understanding man your
bookkeeping is unnecessary - Answer -False

Patient payment information entered on the day sheet must also be posted on the
patient ledger - Answer -True

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