Question 1

On the ledger card, which column is used for entering payments?

Accepted Answer

A) Credit column 
B) Debit column 
C) Balance column 
D) Adjustment column 
A) Credit column 
B) Debit column 
C) Balance column 
D) Adjustment column A

Question 2

Which of the following is the most appropriate action of the medical assistant before using a new day sheet?

Accepted Answer

A) Put all ledger cards on the sheet in order to be seen. 
B) Place charge slips alongside the day sheet. 
C) Forward balances from the previous day. 
D) Pull ledgers from the storage file when patients are seen. 
A) Put all ledger cards on the sheet in order to be seen. 
B) Place charge slips alongside the day sheet. 
C) Forward balances from the previous day. 
D) Pull ledgers from the storage file when patients are seen. C

Question 3

At times, patients may not be able to pay their medical bills for various reasons.What can medical assistants do to assist them with this?

Accepted Answer

A) Nothing.Laws require patients to pay their bills in full. 
B) Make financial arrangements with patients, allowing full payment for services provided. 
C) Allow patients to pay a reduced amount. 
D) Tell patients their future visits will not be allowed until bills are paid in full. 
A) Nothing.Laws require patients to pay their bills in full. 
B) Make financial arrangements with patients, allowing full payment for services provided. 
C) Allow patients to pay a reduced amount. 
D) Tell patients their future visits will not be allowed until bills are paid in full. B

Question 4

Which of the following would NOT be indicated on a bank statement?

Accepted Answer

A) Listing of cleared checks 
B) Deposits received by the bank 
C) Service charges 
D) Time check was written 
A) Listing of cleared checks 
B) Deposits received by the bank 
C) Service charges 
D) Time check was written

Question 5

Providers who accept assignment with Medicare and Medicaid are mandated to charge every patient:

Accepted Answer

A) The same amount for similar services rendered 
B) Fifty percent of the bill 
C) Whatever the patient can afford 
D) A reduced amount set by the provider 
A) The same amount for similar services rendered 
B) Fifty percent of the bill 
C) Whatever the patient can afford 
D) A reduced amount set by the provider

Question 6

Which of the following is the type of endorsement that should be used in a clinic?

Accepted Answer

A) Blank 
B) Limited 
C) Full 
D) Restrictive 
E) Open 
A) Blank 
B) Limited 
C) Full 
D) Restrictive 
E) Open

Question 7

Which of the following is used to reconcile a bank statement?

Accepted Answer

A) Daily cash 
B) Daily income 
C) Accounts receivable 
D) Depositor's checkbook 
A) Daily cash 
B) Daily income 
C) Accounts receivable 
D) Depositor's checkbook

Question 8

A patient is called about an NSF check.He states he is very sorry and asks what he can do.Which of the following types of checks would the medical assistant ask him to bring to the office as a guaranteed payment for the returned check?

Accepted Answer

A) Cashier's 
B) Certified 
C) Voucher 
D) Traveler's 
A) Cashier's 
B) Certified 
C) Voucher 
D) Traveler's

Question 9

Which of the following is the most appropriate action when balancing a petty cash account?

Accepted Answer

A) Add $10 to the account weekly. 
B) Add $25 to the account weekly. 
C) Add $100 at the beginning of each month. 
D) Add an amount equal to that spent. 
A) Add $10 to the account weekly. 
B) Add $25 to the account weekly. 
C) Add $100 at the beginning of each month. 
D) Add an amount equal to that spent.

Question 10

Which of the following is the most likely cause of the deposits not agreeing with the credits on the day sheet or the patient ledgers?

Accepted Answer

A) There are duplicate cards. 
B) Deposits were miscounted. 
C) Cash is missing. 
D) Payment is misplaced. 
A) There are duplicate cards. 
B) Deposits were miscounted. 
C) Cash is missing. 
D) Payment is misplaced.

Question 11

Which of the following best describes the use of a charge slip?

Accepted Answer

A) Provides a patient with account activity for the month 
B) Provides a patient a receipt when payments are mailed 
C) Supplements the pegboard system 
D) Provides a patient with account activity for the day of service 
A) Provides a patient with account activity for the month 
B) Provides a patient a receipt when payments are mailed 
C) Supplements the pegboard system 
D) Provides a patient with account activity for the day of service

Question 12

Which of the following best classifies the adjustment column in the accounting process and its effect on the balance due?

Accepted Answer

A) Credit column; increases balance 
B) Debit column; decreases balance 
C) Neutral; no change to balance 
D) Debit column; increases balance 
E) Credit column; decreases balance 
A) Credit column; increases balance 
B) Debit column; decreases balance 
C) Neutral; no change to balance 
D) Debit column; increases balance 
E) Credit column; decreases balance

Question 13

In a concierge-type medical practice, what do providers usually do?

Accepted Answer

A) Set predetermined fees 
B) Collect co-pays 
C) Collect additional fees 
D) Use a separate set of insurance guidelines 
A) Set predetermined fees 
B) Collect co-pays 
C) Collect additional fees 
D) Use a separate set of insurance guidelines

Question 14

Which type of check has a stub attached that is used to indicate date and invoice numbers?

Accepted Answer

A) Cashier's 
B) Certified 
C) Money order 
D) Voucher 
E) Traveler's 
A) Cashier's 
B) Certified 
C) Money order 
D) Voucher 
E) Traveler's

Question 15

Which of the following is NOT a major advantage of the pegboard system?

Accepted Answer

A) Forms work together to simplify the task 
B) Complete up-to-date balance of accounts payable 
C) Relatively inexpensive 
D) Write-it-once system 
A) Forms work together to simplify the task 
B) Complete up-to-date balance of accounts payable 
C) Relatively inexpensive 
D) Write-it-once system

Question 16

Which of the following is the first rule of purchasing?

Accepted Answer

A) Check all items ordered when received. 
B) Check invoices against items delivered. 
C) Nothing is ordered or paid for without a purchase order. 
D) Pay only for items received. 
E) Do not pay for any orders before 30 days. 
A) Check all items ordered when received. 
B) Check invoices against items delivered. 
C) Nothing is ordered or paid for without a purchase order. 
D) Pay only for items received. 
E) Do not pay for any orders before 30 days.

Question 17

In the case of divorced parents and blended families, which parent is considered to be the guarantor and is responsible for payment?

Accepted Answer

A) Father 
B) Parent with physical custody 
C) Mother 
D) Parent with the earliest birth date 
A) Father 
B) Parent with physical custody 
C) Mother 
D) Parent with the earliest birth date

Question 18

A patient's check is returned for insufficient funds.Which of the following applies to the patient account balance after the amount of the NSF check is posted and an entry is made in the adjustment column?

Accepted Answer

A) Account balance is decreased. 
B) Account balance is increased. 
C) Account balance does not change. 
D) Adjustment is added 
A) Account balance is decreased. 
B) Account balance is increased. 
C) Account balance does not change. 
D) Adjustment is added

Question 19

The encounter form is also known as the:

Accepted Answer

A) Charge slip 
B) Multipurpose billing form 
C) Superbill 
D) All of the above 
A) Charge slip 
B) Multipurpose billing form 
C) Superbill 
D) All of the above

Question 20

Which of the following is NOT a recommended rule in a manual bookkeeping system?

Accepted Answer

A) Use a consistent black or blue ink color. 
B) Write neatly and clearly, forming numbers carefully. 
C) Align columns carefully using paper with grid lines. 
D) If a mistake is found, cover up by using Wite-Out®. 
E) Be careful when placing or carrying decimal points. 
A) Use a consistent black or blue ink color. 
B) Write neatly and clearly, forming numbers carefully. 
C) Align columns carefully using paper with grid lines. 
D) If a mistake is found, cover up by using Wite-Out®. 
E) Be careful when placing or carrying decimal points.

Exam 18: Daily Financial Practices

On the ledger card, which column is used for entering payments?

Which of the following is the most appropriate action of the medical assistant before using a new day sheet?

At times, patients may not be able to pay their medical bills for various reasons.What can medical assistants do to assist them with this?

Which of the following would NOT be indicated on a bank statement?

Providers who accept assignment with Medicare and Medicaid are mandated to charge every patient:

Which of the following is the type of endorsement that should be used in a clinic?

Which of the following is used to reconcile a bank statement?

A patient is called about an NSF check.He states he is very sorry and asks what he can do.Which of the following types of checks would the medical assistant ask him to bring to the office as a guaranteed payment for the returned check?

Which of the following is the most appropriate action when balancing a petty cash account?

Which of the following is the most likely cause of the deposits not agreeing with the credits on the day sheet or the patient ledgers?

Which of the following best describes the use of a charge slip?

Which of the following best classifies the adjustment column in the accounting process and its effect on the balance due?

In a concierge-type medical practice, what do providers usually do?

Which type of check has a stub attached that is used to indicate date and invoice numbers?

Which of the following is NOT a major advantage of the pegboard system?

Which of the following is the first rule of purchasing?

In the case of divorced parents and blended families, which parent is considered to be the guarantor and is responsible for payment?

A patient's check is returned for insufficient funds.Which of the following applies to the patient account balance after the amount of the NSF check is posted and an entry is made in the adjustment column?

The encounter form is also known as the:

Which of the following is NOT a recommended rule in a manual bookkeeping system?

The Medical Assisting Profession

Health Care Settings and the Health Care Team

Coping Skills for the Medical Assistant

Therapeutic Communication Skills

The Therapeutic Approach to the Patient With a Life-Threatening Illness

Legal Considerations

Ethical Considerations

Emergency Procedures and First Aid

Creating the Facility Environment

Computers in the Medical Clinic

Telecommunications

Patient Scheduling

Medical Records Management

Written Communications

Medical Documents

Medical Insurance

Medical Coding

Billing and Collections

Accounting Practices

Infection Control and Medical Asepsis

The Patient History and Documentation

Vital Signs and Measurements

The Physical Examination

Obstetrics and Gynecology

Pediatrics

Male Reproductive System

Gerontology

Examinations and Procedures of Body Systems

Assisting With Minor Surgery

Diagnostic Imaging

Rehabilitation and Therapeutic Modalities

Nutrition in Health and Disease

Basic Pharmacology

Calculation of Medication Dosage and Medication Administration

Cardiac Procedures

Regulatory Guidelines for Safety and Quality in the Medical Laboratory

Introduction to the Medical Laboratory

Phlebotomy: Venipuncture and Capillary Puncture

Hematology

Urinalysis

Basic Microbiology

Speciality Laboratory Tests

The Medical Assistant As Clinic Manager

The Medical Assistant As Human Resources Manager

Preparing for Medical Assisting Credentials

Employment Strategies

Filters