A list of all employees and their earnings, deductions, and other information is called
Payroll register
A payer's own check that is guaranteed by the bank is called a
Certified check
Copying an amount from a journal onto a ledger is an example of
Posting
Paper towels are considered
Expendable items
Amounts charged with suppliers or creditors that remain unpaid are referred to as
Accounts payable
A collection ratio is
The total collections divided by net charges
The portion of salary held back from payroll checks for the purpose of paying government income taxes is known as
Withholding
Which of the following may be used by a payer as a third-party check?
Payroll check
A patient ledger card should include
all of these
Which of the following due dates for Employer's Quarterly Federal Tax Returns is not correct?
30-Jun
Accounts receivable age analysis
Is a tool to show the status of each account
A piece of paper describing a purchase and the amount due is known as a(n)
Invoice
Evaluation of the success of collection is based on
The collection ratio and the accounts receivable ratio
Which of the following statements regarding state unemployment tax is correct?
A few states require both employees and employers to make a payment
The accounts receivable ratio shows
How fast outstanding accounts are being paid
What is the trial balance?
A way of checking the accuracy of accounts
Amounts that are paid by cash or check called
Disbursements
Copies of bills for supplies should be kept on file for at least how long?
10 years
The reviewing of financial data to verify accuracy and completeness is called
Auditing
What does debit mean?
Charge
When new supplies are received, you should
Place them in the back of the storage area
A bank draft is a check drawn by a bank
On its funds in another bank
The credit policies of a medical facility
Should include a specification of when the practice requires payment, which should be in writing
Petty cash may be used
For paying minor expenses such as parking fees
Which type of check is frequently used for payroll because it itemizes the purposes for the check and deductions?
Voucher check