Fiancial Practices Flashcards
In the case of divorced parents and blended families, which parent is considered to be the guarantor and is responsible for payment?
Parent with physical custody
Which of the following is NOT a requirement for the ABN form?
Must include the final cost
In a concierge type medical practice, what did providers usually do?
Collect additional fees
A patient is called about an NSF check. He states he is very sorry and ask what he can do. Which of the following types of checks with the MA ask him to bring to the office as a guaranteed payment for the return check?
cashiers check
Which of the following best classified the adjustment column in the accounting process and it’s effect on the balance due?
Credit Column, increases balance
Which of the following applies to the cash that is usually kept in a locked change draw and used for transactions with patients who pay in cash and need change?
Cash on hand
Which of the following is NOT a procedural step when disbursing the petty cash funds?
Add receipts to original petty cash amount
Which of the following would NOT be indicated on a bank statement?
Time check was written
Which of the following is used to reconcile a bank statement?
Depositors checkbook
On the ledger card, which column is used for entering payments?
Credit column
