Chapter 21 Word Scramble

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Question	Answer
Which of the following accounts payable is typically the largest in the medical office?	Payroll
Any payment the physicians office makes for goods or services is called________.	A disbursement
One of the most common or numerous disbursements is payment for______.	Office supplies
Business checks with stubs attached are________checks.	Voucher
A type of check that states it is void after a certain time limit is a______ check.	Limited
Which type of check is purchased from a bank, written on the banks own checking account, and signed by a bank official?	Cashiers
A standard personal or business check that the bank verifies and then sets aside the funds to guarantee payment is a ________check.	Certified
A special bank that allows the depositor to withdraw funds from her account only is called a_______ check.	Counter
Which type of checks are preprinted in $10, $20, $50, and $100 denominations?	Travelers
Which of the following is important because it helps to control expenses?	Tracking
Today, a practices financial summary is generally prepared by_______.	Practice management software
Which of the following demonstrates the practices profitability by illustrating the practices total income and expenses?	Statement of income and expense
Which of the following shows how much cash is available to cover expenses, to invest, or to take as profit?	Cash flow statement
The process of communicating the income and expenses of business and it’s financial health is known as_______.	Accounting
The part of the accounting process that consists of the systematic recording of business transactions is _______.	Bookkeeping
Which of the following is not an advantage of using a computerized bookkeeping system?	The bookkeeping system is available even if the power goes out.
Another term for a write it once system is ________ system.	Pegboard
The process of recording services provided, the fees charged, and payments received in a daily log is known as________.	Journalizing
If your receive payment from a patient by mail after the office visit, you should record it________.	On the patients ledger card and the current days daily log
When a patient has a credit balance,___________.	The practice owes the patient money
The part of a check that takes the form of a fraction and identifies the specific back on which a check is drawn is the_______.	ABA number
An endorsement that consists simply of the payees signature is a_______.	Blank endorsement
A third party endorsement is also known as a __________.	Special endorsement
An endorsement that specifies precisely how the check may be redeemed, such as only for deposit in the practices bank account, is a_________.	Restrictive endorsement
The process of comparing the office financial records with the monthly statement from the bank is known as________.	reconciliation
An overpayment to a physician results in a negative number, or_________ balance, the patients account.	Credit
Another term for a statement of income and expense is_________ statement.	Profit and loss
The________ appears as a fraction on the upper edge of all printed checks and identifies the geographic area and specific bank on which the check is drawn	ABA number
Goods and properties that have a dollar value, such as the medical practice building, bank accounts, office equipment, and accounts receivable, are called________.	Assets
The process of communicating the income and expenses of a business and it’s financial health is known as_______.	Accounting
A _________ statement shows how much cash is available to cover expenses, to invest, or to take as profits.	Cash flow
A_______ check is a check issued on bank paper and signed by a bank representative; it is usually purchased by people who do not have checking accounts	Cashiers
A__________, which is sometimes called an encounter form or superbill, is the original record of the doctors services and the charge for those services	Charge slip
The physician may use a ________ check to withdraw money without having his or her checkbook because this type of check permits her to withdraw funds from her account only.	Counter
The process of keeping a daily log of the patient charges and payments received from patients each day is called_______.	Journalizing
A________check states that it is void after a certain amount of time and is sometimes used for payroll.	Limited
In order to be considered__________, or legally transferable from one person to another, a check has to be written and signed by the payer and include the amount of money to be paid.	Negotiable
The person to whom a check is written is the_________.	Payee
In order to be considered negotiable, a check must be signed by the_________.	Payer
The_______ system allows you to wire each transaction once while recording it on four different accounting forms.	Write it once
A_______ gives a person the legal right to handle to financial matters for another person who is unable to do so.	Power of Attorney
________, or watching for changes on disbursements, is important because it helps control expenses	Tracking
Most practices may use checks from a standard checkbook or________checks, which often come in a three ring binder and provide a stub for record keeping	Voucher
The part of the accounting process known as_______ is the systematic recording of business transactions	Bookkeeping

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