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5 Written questions

5 Matching questions

  1. Disbursement journal
  2. Bookkeeping
  3. Double-entry system accounting equation:
  4. Accounts receivable ledger
  5. Single-entry systems-
  1. a provides information about the amounts owed to the physician.
  2. b Assets = Liabilities + Proprietorship (Capital)
  3. c The recording of business and accounting transactions.
  4. d A summary of accounts paid out.
  5. e is very basic and usually is used in small business. They are inexpensive, easy to us, and require lettle training.

5 Multiple choice questions

  1. A request for payment.
  2. Debts incurred and not yet paid.
  3. is the chronological record of the practice.
  4. A standard of comparison to make sure answers obtained are accurate.
  5. 1.45%

5 True/False questions

  1. Form W-2The 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.


  2. Financial summaries are compiledmonthly and annually


  3. Balance sheetA financial statement for a specific date that shows the total assets, liabilities, and capital of the business.


  4. Before the end of the first pay period, the employee should complete aForm W-4


  5. Single-entry systems requirethe general journal, the cash payment journal, and the accounts receivable ledger.


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