Accounting
Accounting 2
Salary
Procedures
Cash
100
Money that is owed to the medical facility is called
What is accounts receivable
100
Once an agreement has been made with the patient to accept monthly installments, the regulations apply to the written contract are known as:
What is Truth in Lending Statements
100
anount of paycheck after deductions
What is net wages
100
successfully reconcile a bank statement means that
What is the bank records and the medical office records match
100
when depositing currency
What is all bills should be in order, faceup and in the same direction
200
Bills that the practice has for rent, equipment rental and salaries
What is payables
200
Manual accounting system that is used in office is a pegboard system. This system is also known as
What is write-it-once system
200
total amount earned for a pay period
What is gross wages
200
collection letters work best if they
What is are firm, but positive
200
petty cash should be used for
What is small amounts, dispensing small amounts of money and have a journal into which entries for each expenditure is made
300
moey owned to creditors
What is liabilities
300
type of charge slip that uses diagnostic and procedure codes is called
What is a superbill
300
person receving the payment
What is payee
300
each patient, charges and payments should be recorded on an individualized
What is ledger card
300
T/F All procedures that are covered by insurance are reimbursed at same level of payment.
What is false
400
Checks received by medical faciltiy should be endorsed with?
What is restrictive endorsement
400
A blank endorsement means
What is the payee signs only his or her name on back of check
400
if an employee is paid on hourly basis, overtime is calculated at
What is 1 1/2 times the base bay
400
time of the patient visit, charges for services and payments are kept track of on the
What is charge slip
400
A patient whose account has been sent to collections comes into office and tries to settle account. What should medical assistant do?
What is refer the patient to collections agency handling account.
500
Process of determining how long specific accounts and balanaces have been outstanding is called
What is aging?
500
person paying the debt
What is payer
500
minium wages are regulated by the federal government under the
What is Fair Labor Standards Act
500
Federal Truth in Lending and the Fair Debt Collection Acts impact what action in the medical office
What is collections
500
An account is considered overdue when the balance is not paid within?
What is 30 days
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