Help!
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| Accounts Payable | Bills that the practice has for office rent,equipment rental, and salaries
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| Patient ledger | Record used to keep track of all the charges and payments for each patient
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| Double-entry bookkeeping system | Type of bookkeeping system is every transaction posted into two different records, once as a credit and on as a debit
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| The correct accounting principle-assests | Liabilities + owners equity
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| Accounts receivable | Money that is owed the medical office
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| Superbill | Another name for the itemized charge slip commonly used in the medical office
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| When is income calculated in the cash basis of accounting. | When a patient's bill has been paid
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| What is the function of a daily journal (day sheet) in a bookkeeping system? | To keep a chronological record of transactions
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| What is the major disadvantage of the single entry bookkeeping system | There is no method to crosscheck for accuracy of recording and calculations
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| When are payments for service's received? | •by the patient at the time of service
•by mail via check in response to a bill
•by the patient via an online patient portal
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| Who is responsible for checking the boxes on the charge slip for service's provided to the patient? | Physician
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| Which type of codes appear on most office itemized charge slips? | Both diagnosis and procedure codes
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| How does the medical assistant know what the usual charge is for a procedure? | The charge appears from computer memory when the procedure is selected
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| Before leaving the office, the patient gives the medical assistant $10 on account. What type of entry does the MA make to the computer billing system? | Payment
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| What is an example of a debit adjustment (increases the amount the patients owes) | Check returned by the bank for Not Sufficient Funds
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| Which of the following is not a way that patients commonly make payments on their outstanding accounts? | Automatic monthly payments made online from an Internet bank acvount
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| How are items recorded on the day sheet (daily journal)? | In the order that transaction occur
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| If a manual day sheet is kept, what is the function of the proof of posting area? | To verify that all columns were added correctly
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| What does it mean to close the day ? | No further accounts receivable charges,payments, or adjustments can be made using that date
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| How do money market accounts compare with checking accounts? | Checks must usually be written for a higher minimum amount
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| Dr.Brown has a large bill that he has to pay for his professional liability insurance. Which account is the MA most likely to use to pay the bill? | Office money market account
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| A large check has to be written out for a piece of expensive equipment. The company selling the equipment to the practice wants to make sure that the check will clear the bank. How can the office pay for the equipment and satisfy the seller? | Obtain a cashiers check from the bank
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| Many medical offices have some of their accounting duties performed by independent companies outside the office. What services is/are commonly performed by such companies? | Preparing payroll checks for office employees
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| If there is a question about the amount of money that has been drawn on a check what determines the legal amount | The amount written in words
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| What information is contained on the micr line | The check number
the bank aba number
the Bank routing number
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| What is a valid system to reduce the number of manual checks that need to be written? | Use an online bill payment system
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| What is necessary to balance the cash drawer at the end of the day? | Count the money in the drawer, leave the usual amount of cash on hand in the drawer, add the remaining money to the Daily bank deposit after the cash on hand amount has been removed
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| In bookkeeping what is the example of a credit? | A patient is given a discount for paying in full at the time of visit
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| To whom does a bank usually charge a fee for non sufficient funds check? | Both the owner of the account and the party that attempts to cash the check
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| If a medical assistant sends a collection letter to a patient what should be included? | A specific date by which payment is required
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| How should checks that are received by the medical facility be endorsed? | Restrictive endorsement
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| If a patient whose account is in collection called the office and states that he is sending a check for a portion of the outstanding amount, what should the medical assistant tell him? | To send the check to the collection agency
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| If a patient's check is returned by the bank marked NSF, how does the medical assistant and turn it into the patient account? | As a debit adjustment that increases the patients balance
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| Once an agreement has been made with the patient to accept monthly installments, what regulations apply to the written agreement? | Truth in Lending Act
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| Assuming that a deceased patient had a will, who is responsible to pay outstanding obligations of that patient? | The executor or administrator named in the will
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| If a patient has filed bankruptcy under chapter 7, what must be occurred for the medical office to collect an outstanding balance? | The office must have a signed written credit agreement with the patient
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| When calling an individual who owes money to the medical office, what is the medical assistant not allowed to do? | Call the individual at home before 7 a.m., threatened to tell the individuals boss that he or she owes the medical office, call the individual at work one time and give reason for the cold to a third party
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| When a collection agency sends a check to the medical office, what is the first step to post the check to the patient's account? | Post a credit adjustment labeled reverse collection in the amount of the check received
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| What practice should the medical office avoid when accepting checks from patients? | Accepting the patient's paycheck after the patient has endorsed it to the office
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| If a patient has overpaid on his or her account, what does the medical office usually do? | Adjust the patient's account
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| When the medical assistant prepares the deposit slip, what information for each check should be entered on the deposit itemizations record | Aba number
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| What does it mean to successfully reconcile a bank statement? | The bank records in medical office records are in agreement
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| When a patient dies, how should the medical office send the final bill? | To the patient's address, headed to the estate of and the patient's name
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| Extra credit | Look at review
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| Accounts receivable |
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| Assets |
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| Revenue |
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| Restrictive endorsement |
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| Bookkeeping |
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| Personal endorsement |
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| Notarized |
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| Executor |
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| Bankruptcy |
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| Receipt |
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| ac | Before meals
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| adm | Admission,admit8
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| c/o | Complains of
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| H&P | History & physical
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| TPR | Temperature, pulse, respirations
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| vs | Vital signs
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| stat | Immediately
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| MVA | Motor vehicle accident
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| qid | 4 times a day
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| CC | Chief complaint
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