Bookkeeping Quiz with Complete Solutions, Exams of Advanced Education

Download Bookkeeping Quiz with Complete Solutions and more Exams Advanced Education in PDF only on Docsity! 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