Bookkeeping Study guides, Class notes & Summaries

BOOKKEEPING EXAM QUESTIONS WITH COMPLETE SOLUTIONS LATEST

BOOKKEEPING EXAM QUESTIONS WITH VERIFIED CORRECT ANSWERS

BOOKKEEPING FOR DUMMIES EXAM QUESTIONS AND ANSWERS

BOOKKEEPING FOR SMALL BUSINESS EXAM QUESTIONS WITH CORRECT ANSWERS 20. Journal entries generally fall into two categories: standard journal entries and adjusting journal entries. Which of the following statements regarding journal entries is false? Incorrect A) Standard journal entries are prepared to make regular entries to the general ledger. B) Adjusting journal entries are made to correct errors noted in the general ledger. C) As a general rule, standard journal entries are made earli...

BOOKKEEPING PRACTICE EXAM QUESTIONS WITH COMPLETE ANSWERS

BOOKKEEPING PROCEDURES EXAM QUESTIONS WITH CORRECT ANSWERS The bills that the practice has for office rent, equipment rental and salaries are known as - ANSWER-Accounts payable A type of charge slip that utilizes diagnostic and procedure codes is called - ANSWER-An encounter form Use of the accrual accounting method means that - ANSWER-Expenses are recorded when materials are ordered Most medical facilities in which doctors practice collect co-payments or balances due from patients -...

BOOKKEEPING STUDY GUIDE EXAM REVIEW QUESTIONS AND ANSWERS Decreases assets - ANSWER-Credit Increases assets - ANSWER-Debit Amounts paid out for expenses of the business practice - ANSWER-Accounts payable Amount that is written off and not collected - ANSWER-Adjustment Bookkeeping system that requires that equal debits and credits are recorded for each transaction - ANSWER-Double entry accounting To carry forward the balance of an individual ledger - ANSWER-Extend Owner's ne...

BOOKKEEPING STUDY GUIDE TEST QUESTIONS WITH COMPLETE ANSWERS

BOOKKEEPING STUDY QUIZ QUESTIONS AND ANSWERS

BOOKKEEPING TERMS REVIEW EXAM QUESTIONS AND ANSWERS