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semi-test

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
When establishing fees, the following are taken into consideration   show
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Select the correct statement regarding physicians giving cash discounts   show
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Certain hospitals have received federal construction grants to enlarge their facilities in exchange for caring for indigent patients; this obligation falls under the   show
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The most important collection practice to increase collections, improve public relations, and reduce patient complaints, business-office turnover, accounts receivable, and write-off amounts is   show
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show A. allows billing at certain times of the month based on alphabetical breakdown, account number, insurance type, or date of first service B. allows continuous cash flow, relieves mailing statements all at once, and distributes billing telephone calls  
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show Fair Debt Collection Practices Act  
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show 60 days  
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Regulation Z of the Federal Truth in Lending Act applies to;   show
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show aging accounts  
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Select the correct statement regarding collections.   show
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show 30% to 60%  
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After a judgement is made in favor of the medical practice in small-claims court:   show
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Garnishment is:   show
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show the signature of one or both parties depending on how the account is set up  
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show EFTS  
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show the financial institution where the money is deposited in a checking account  
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If the numerical and written amounts of a check do not agree   show
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If the endorser’s name is written incorrectly on the face of a check   show
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show be stamped with a restrictive endorsement upon receipt  
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show A. Bank deposits are routinely prepared by the administrative medical assistant B. Bank deposits should be made promptly to prevent payment from being lost, misplaced, or stolen. C. Timely deposits reduce the possibility of a check being returned due to i  
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show should be memorized and shared with no one  
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If a check is not written properly, financial responsibility for any loss is borne by the   show
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show subtract the total of outstanding checks and withdrawals  
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show helpful because they increase understanding of the basic computations a basic computerized system automatically does  
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Which accounting system requires the transfer of information onto journals and ledgers?   show
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show asset  
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show open accounts  
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A record that contains a cumulative listing of each patient seen in the office, services rendered, fees charged, payments made, and adjustments calculated on one day is called a/ an   show
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Select the correct statement regarding debits, credits, posting, and calculations on a ledger card.   show
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To locate a transposition error, you would:   show
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show accounts receivable control  
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Money kept in a physician’s office for the purpose of making small cash purchases is called   show
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show $50 to $200  
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Created by: MabielRivera