Bookkeeping Exam/18 Answered
Question A+ Scores
Balance - -Make sure the balance is akeays kept current on the patient
ledger
-Accounts Receivable Ratio - -Formula measures the speed in which
outstanding accounts are payed
-Bookkeeping - -Actual daily recording of the accounts and transactions of
the business
-Accounts receivable - -Money the clinic has to collect
-Petty cash - -Money kept in office for unexpected expenses
-W-4 - -Employees withholding allowance certificate
-Collection ratio - -shows percentage of outstanding debt collected
-Variable cost - -Examples include: Cost of supplies, salaries, and over all
treating of patients
-Purchase Order - -Should be compared with bill for supplies
-Net salary - -Amount of a psyched after all deductions have been made
-Pegboard/write it once program - -Type of ledger
-Superbill/patient ledger/day sheet - -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? - -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 - -Avoiding receiving these types of checks
-Certified check - -Checks willing to receive 1
-Voucher check - -Checks willing to receive 2
Question A+ Scores
Balance - -Make sure the balance is akeays kept current on the patient
ledger
-Accounts Receivable Ratio - -Formula measures the speed in which
outstanding accounts are payed
-Bookkeeping - -Actual daily recording of the accounts and transactions of
the business
-Accounts receivable - -Money the clinic has to collect
-Petty cash - -Money kept in office for unexpected expenses
-W-4 - -Employees withholding allowance certificate
-Collection ratio - -shows percentage of outstanding debt collected
-Variable cost - -Examples include: Cost of supplies, salaries, and over all
treating of patients
-Purchase Order - -Should be compared with bill for supplies
-Net salary - -Amount of a psyched after all deductions have been made
-Pegboard/write it once program - -Type of ledger
-Superbill/patient ledger/day sheet - -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? - -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 - -Avoiding receiving these types of checks
-Certified check - -Checks willing to receive 1
-Voucher check - -Checks willing to receive 2
