Question 1

Match each term with its definition.
-Debts or accounts payable owed by the business

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 2

Match each term with its definition.
-Recording of financial transactions of a business

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 3

It is typically the responsibility of the _____ to produce the values used in cost-benefit analysis.

Accepted Answer

A)  accountant 
B)  bookkeeper 
C)  medical assistant 
D)  office manager 
A)  accountant 
B)  bookkeeper 
C)  medical assistant 
D)  office manager

Question 4

To convert the gross collection ratio to a percentage,you:

Accepted Answer

A)  double it 
B)  triple it 
C)  divide it by 100 
D)  multiply it by 100 
A)  double it 
B)  triple it 
C)  divide it by 100 
D)  multiply it by 100

Question 5

​Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-​Total amount paid in by stockholders

Accepted Answer

A) accounts payable 
B) ​assets 
C) ​corporation 
D) ​cost 
E) ​economic entity assumption
F)​liabilities
G)​market value
H)​monetary unit assumption
I)​note payable
J)​(paid-in)capital
K)​partnership
L)​proprietorship
M)​retained earnings
N)stockholders' equity 
A) accounts payable 
B) ​assets 
C) ​corporation 
D) ​cost 
E) ​economic entity assumption
F)​liabilities
G)​market value
H)​monetary unit assumption
I)​note payable
J)​(paid-in)capital
K)​partnership
L)​proprietorship
M)​retained earnings
N)stockholders' equity

Exam 34: Accounts Payable and Accounting Procedures

Match each term with its definition. -Debts or accounts payable owed by the business

Match each term with its definition. -Recording of financial transactions of a business

It is typically the responsibility of the _____ to produce the values used in cost-benefit analysis.

To convert the gross collection ratio to a percentage,you:

​Match the accounting terminology with its definition and example.Note: Answers may be used more than once. -​Total amount paid in by stockholders

The Medical Assistant

The Health Care Team and the Medical Environment,past and Present

Legal Issues

Ethical Issues

Verbal and Nonverbal Communications

Applying Communication Skills

Introduction to Medical Terminology

Understanding and Building Medical Terms of Body Systems

Anatomic Descriptors and Fundamental Body Structure

The Nervous System

The Senses

The Integumentary System

The Skeletal System

The Muscular System

The Respiratory System

The Circulatory System

The Immune System

The Digestive System

The Urinary System

The Endocrine System

The Reproductive System

Telephone Communications

Written Communications

The Office Environment, computers, and Equipment

Scheduling Appointments and Receiving Patients

The Medical Record,documentation,and Filing

Health Insurance

A Icd-10 Update: Procedural and Diagnostic Coding

Procedural and Diagnostic Coding

Patient Accounts

Preparing Insurance Claims and Posting Insurance Payments

Patient Billing,posting Patient Payments,and Collecting Fees

Banking Procedures

Infection Control and Medical Asepsis

The Medical History and Patient Screening

Body Measurements and Vital Signs

Preparing for Examinations

The Physical Exam

Specialty Exams and Other Procedures

Obgyn Examinations

Pediatric Examinations

The Physicians Office Laboratory

Specimen Collection and Processing

Blood Specimen Collection

Diagnostic Testing

Cardiology Procedures

Radiology Procedures

Preparing for Surgery

Assisting With Minor Surgery

Pharmacology Fundamentals

Measurement Systems,basic Mathematics,and Dosage Calculations

Administering Oral and Non-Injectable Medications

Administering Injections and Immunizations

Emergencies in the Medical Office and the Community

First Aid for Accidents and Injuries

Rehabilitation

Nutrition,exercise,and Healthy Living

Practicum and the Job Search

Managing the Office

Filters

Match the accounting terminology with its definition and example.Note: Answers may be used more than once. -Total amount paid in by stockholders