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
Check register
Transaction of checks
25
Checking account
Deposits and checks drawn out
26
Currency
Paper coins
27
Deposit
Money goin in
28
Deposit slip
Itemized cash and checks deposited in checking account
29
Electric funds transfer system
Funds electronically put in accounts
30
Endorsement
Back of check where you sign name
31
Endorser
Payee of check
32
3rd party check
Check made out to someone unknown
33
Limited check
Check will be voided if it's over certain amount
34
Marker
Payer of check
35
MiCR numbers
Numbers printed in magnetic inc appears at bottom of check
36
Money order
Used by individual who don't have account
37
Balance
Difference between debit and credit
38
Deposit record
Record of all deposits
39
Debit balance
Reflects amount paid is less than due