Accounting Flashcards

0
Q

Personal courtesy discount is an example of an:

A

Adjustment or discount fee to other med professional

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1
Q

Posting

A

Transferring information from one record to another

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2
Q

In the past, what type of system was used to keep finical transaction

A

Peg board

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3
Q

Encounter form

A

List of all specialist procedure in the office

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4
Q

When should reciets be given?

A

For all payments

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5
Q

What’s journalizing

A

Entry’s made on the day sheet

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6
Q

Who refuses to honor a check that has a stop payment on it

A

Bank

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7
Q

Reconciling

A

Process of varifying amount in bank statements are matching with check registrar

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8
Q

Bookkeeper

A

Records finical transaction

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9
Q

Accountant

A

One who analyzes transaction and prepares reports

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10
Q

Account

A

Record of each PT which shows charges payments and balances due

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11
Q

Day sheet

A

All of the PTs charges are recorded each day

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12
Q

Accounts receivable

A

Money owed to practice from the PT

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13
Q

Debit

A

Charges added to existing balance

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14
Q

Credit

A

Payment subtracted from existing balance

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15
Q

Credit balance

A

Reflects that amount paid is more than owed. Or amount being paid I’m advance

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16
Q

BBA buisness associate agreement

A

Establishing guidelines of what will occur if inappropriate disclosure of PHi takes place

17
Q

Charge slip

A

Super bill

18
Q

ABA number

A

Checks routing number; the finical institute

19
Q

Agent

A

One who is authorized to act for another person

20
Q

ATM

A

Automotive teller machine

21
Q

Bank statement

A

Record of account activity monthly

22
Q

Cashier check

A

Purchaser pays bank full amount

23
Q

Certified check

A

Bank stamps own check letting you know the amount is there

24
Q

Check register

A

Transaction of checks

25
Q

Checking account

A

Deposits and checks drawn out

26
Q

Currency

A

Paper coins

27
Q

Deposit

A

Money goin in

28
Q

Deposit slip

A

Itemized cash and checks deposited in checking account

29
Q

Electric funds transfer system

A

Funds electronically put in accounts

30
Q

Endorsement

A

Back of check where you sign name

31
Q

Endorser

A

Payee of check

32
Q

3rd party check

A

Check made out to someone unknown

33
Q

Limited check

A

Check will be voided if it’s over certain amount

34
Q

Marker

A

Payer of check

35
Q

MiCR numbers

A

Numbers printed in magnetic inc appears at bottom of check

36
Q

Money order

A

Used by individual who don’t have account

37
Q

Balance

A

Difference between debit and credit

38
Q

Deposit record

A

Record of all deposits

39
Q

Debit balance

A

Reflects amount paid is less than due