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Which of the following accounting systems is based on the principle that assets equal liabilities plus owner's equity. This system requires time and skill and provides a comprehensive financial picture with built-in accuracy controls?
Which of the following accounting systems utilizes "no carbon required" forms that are layered?
Which of the following accounting systems includes a daily journal or log, patients' statements, ledgers, checks, and disbursement records?
Which of the following best describes a primary need of medical facilities to monitor more information?
Which of the following best describes the accounting system that provides information primarily for entities external to the organization?
Which of the following best describes a type of accounting that helps to determine the finances necessary for the ambulatory care setting?
Which of the following applies to the financial report that shows cumulative monthly profit and loss?
Which of the following ratios is calculated by dividing total expenses by the total number of procedures for 1 month?
Which of the following terms applies to the accounting system in which outstanding accounts such as office expenses and services are paid for?
Total monthly receipts are $50,000 and total monthly charges are $60,000 for the same month. Which of the following percents is the collection ratio?
Which of the following is the recommended turnaround time of an efficient billing and collections policy?
Which of the following is NOT a true statement about a computerized accounting system?
Which of the following is an unwritten promise to pay for credit purchases or services?
What is the common name for an employee withholding allowance certificate?
Which of the following is NOT considered a bond to help protect practices from embezzlement?
Which bond covers all employees and is most beneficial?
Which of the following bookkeeping and accounting systems includes charge slips or encounter forms?
What is NOT considered part of the itemized balance sheet?
In medical practices, embezzlement can be decreased by doing all of the following EXCEPT?
If your facility chooses not to purchase accounting software or to use computers, an alternative would be to use what?
What is created by totaling debit balances and credit balances to confirm that total debits equal total credits?