Guide Exam And Actual Answers.
"For deposit only to the account of Dr. J. Daigle" is an example of what kind of endorsement on a check?
A. qualified
B. restrictive
C. special
D. positive
E. blank - Answer B
What accounting entry must a medical assistant make when an NSF (nonsufficient fund) patient's check
is returned from the bank?
A. The medical assistant must add the amount to the checking account balance.
B. The medical assistant must add the amount to the accounts payable register.
C. The medical assistant must deduct the amount from the checking account balance.
D. The medical assistant must deduct the amount from the patient's account balance.
E. The medical assistant must deduct the amount from the accounts payable register. - Answer C
The practice's bank statement shows a balance of $10,572.30. The total of the outstanding checks is
$4,750.25 Deposits not shown are $3,632.97. The bank service charge is $57.90. The correct checkbook
balance is:
A. $9,397.12
B. $11,748.43
C. $11,690.53
D. $11,632.63
E. $9,512.92 - Answer A
After a medical assistant accepts a check from a patient, which of the following actions should the
medical assistant take next?
A. The medical assistant should immediately deposit the check.
,B. The medical assistant should place the check in the office safe until deposited.
C. The medical assistant should restrictively endorse the check.
D. The medical assistant should endorse the check with her (his) signature.
E. The medical assistant should place the check in the cash drawer. - Answer C
Which 1 of the following is an acceptable check from a patient?
A. a check written for more than the amount due
B. a 3rd-party check
C. a payroll check
D. a certified check
E. a post-dated check - Answer D
On the back of the check is written "Pay to the order of." The name written below this is the:
A. maker of the check
B. restrictive endorsement
C. payee
D. payer
E. 3rd party - Answer C
Banks place this on checks they issue to help sort them and aid in reconciling bank statements.
A. MICR
B. power of attorney
C. restrictive endorsement
D. ABA
E. special endorsement - Answer A
Which of the following checks is written out to the patient by someone unknown to the physician's
office?
A. limited check
, B. 3rd-party check
C. cashier's check
D. certified check
E. money order - Answer B
Which of the following types of checks is also known as an officer's or treasurer's check?
A. limited check
B. money order
C. traveler's check
D. certified check
E. cashier's check - Answer E
The type of check that does not guarantee sound payment to the payee is a:
A. personal check
B. traveler's check
C. cashier's check
D. certified check
E. money order - Answer A
Highlighting the key points on a consultation report that has been mailed to the office is referred to by
which of the following terms?
A. noting
B. indexing
C. reviewing
D. annotating
E. sorting - Answer D
Which of the following types of checks purchased at the bank requires you to sign it at the time of
purchase and once again when it is used?