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5 Written questions

5 Matching questions

  1. Double-entry system accounting equation:
  2. Equities
  3. Trial balance
  4. Entry
  5. Disbursements are distributed to
  1. a The monetary value of a property or of an interest in a property in excess of claims or leins against it.
  2. b A record or notation of an occurrence, transaction, or proceeding.
  3. c Assets = Liabilities + Proprietorship (Capital)
  4. d Auto expenses, dues and meetings, equipment, insurance, medical supplies, office expenses, printing, postage and, stationary, rent and maintenance, salaries, taxes and licenses, travel and entertainment, utilities, miscellaneous, personal withdrawals.
  5. e A method of checking the accuracy of accounts.

5 Multiple choice questions

  1. provides information about the amounts owed to the physician.
  2. the general journal, the cash payment journal, and the accounts receivable ledger.
  3. Form 940
  4. IRS
  5. usually consists of a section at the bottom of each day sheet and a check register page at the end of each month, plus monthly and annual summaries.

5 True/False questions

  1. Cash basis of accountingA method of accounting in which income is recorded when received and expenses are recorded when paid.


  2. The amount of taxes to withheld is based on(1) Use good penmanship, (2) Use the same pen style and type of ink consistently, (3) Keep columns of figures straight, (4) Write well-formed figures, (5) Carry decimal points correctly.


  3. Kinds of Financial recordsForm W-2 and Form W-3


  4. Form 1040-SThe Wage and Tax Statement. Employer is required to furnish two copies to each employee from whom income tax or Social Security tax has been withheld.


  5. Balance sheetA request for payment.


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