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5 Written questions

5 Matching questions

  1. Before the end of the first pay period, the employee should complete a
  2. amount sufficient for the petty cash fund.
  3. Invoice
  4. FUTA
  5. The amount of taxes to withheld is based on
  1. a Form W-4
  2. b Federal Unemployment Tax Act
  3. c A paper describing a purchase and the amount due.
  4. d Total earnings of the employee
    Number of withholding allowances claimed
    Marital status of the employee
    Length of the pay period involved
  5. e $25 to $50

5 Multiple choice questions

  1. Method of accounting in which income is recorded when earned and expenses are recorded when incurred.
  2. Social security number of the employee
    Number of withholding allowances claimed
    Amount of gross salary
    All deductions for the Social Security and Medicare taxes; federal, state, and city or other subdivision withholding taxes; state disability insurance; and state unemployment tax, where applicable.
  3. should be done once a month after all posting has been completed and before the monthly statements are prepared. The purpose of process is to disclose any discrepancies between the journal and the ledger.
  4. Insurance
    Loan payment
    Advertising and promotions
    Legal and accounting
    miscellaneous expenses
    Salaries and wages
    Dues, subscriptions, and fees
    Repairs and maintenance
    Medical equipment
    Administrative equipment
    Medication and pharmacy expenses
  5. provides information about the amounts owed to the physician.

5 True/False questions

  1. Statement of income and expenseA request for payment.


  2. CheckbookA standard of comparison to make sure answers obtained are accurate.


  3. Cash flow statementA financial summary for a specific period that shows the beginning balance on hand, the receipts and disbursements during the period, and the balance on hand at the end of the period.


  4. LiabilitiesThe state in which the total ending balances of patient ledgers equals the tatal of accounts receivable.


  5. Daily journalis the chronological record of the practice.


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