Exam 21: Financial Management Key

In order to be considered negotiable, a check must be signed by the ________.

The ________ system allows you to write each transaction once while recording it on four different accounting forms.

The part of a check that takes the form of a fraction and identifies the specific bank on which a check is drawn is the ____.

A special bank check that allows the depositor to withdraw funds from her account only is called a ____ check.

Which of the following is not a common type of endorsement?

The process of comparing the office financial records with the monthly statement from the bank is known as ____.

Business checks with stubs attached are ____ checks.

A physician may use a ____ check when he wants to withdraw money from the bank account but forgot his checkbook.

The person to whom a check is written is the ________.

A type of endorsement often used by attorneys when they accept a check on behalf of a client but have no personal claim on the transaction is _____.

Which of the following statements is true about electronic banking?

Which of the following is not a suggested practice for efficient bookkeeping procedures?

________, or watching for changes in disbursements, is important because it helps control expenses.

The part of the accounting process that consists of the systematic recording of business transactions is ____.

When you place a patient's ledger card on the pegboard, how should you position the card?

When a patient has a credit balance, ____.

A double-entry bookkeeping system is based on the principle that the company's assets are equal to ____.

A third-party endorsement is also known as a ____.

When posting a payment from a collection agency, post the payment from the agency in the paid column and place the agency's fee in the ________ column.

Which of the following are usually components of a practice's accounting system?