WorksheetsMA 500 week 2
Total questions: 20
Worksheet time: 10mins
Which Term represents Money that is owed to the Medical Office?
Accounts Payable
Revnue
Cash Due
Accounts Receivable
What is the Term that describes bills that the practice pays for?
Accrual
Accounts Receivable
Accounts Payable
Deductible
What is reason the office keeps a daily journal/bookkeeping system?
To record financial activity
To keep a chronological record of transactions
To keep record of cumulative financial activity
Keep records of an individual patient
What type of record is utilized to keep track of all charges for an individual patient?
Patient Statement
Patient Ledger
Patient Medical Record
Daily Journal
How often are charges and payments posted to patient accounts?
Daily
Hourly
Weekly
Monthly
What would be an example of the patient receiving a credit?
A patient is charged for an office visit
Patient is given a discount for paying in full at the time of the visit
When the patients charges are sent to the insurance company.
Check is returned by the Bank
What is the name of the charge slip used in the Medical Office?
Receipt
Superbill
Registrar
CMS-Claim Form
Who is responsible for determine the CPT/EM code for the office visit?
Office Manager
Medical Assistant
The Physican/Provider
The Office Assistant
Which codes are necessary to submit a Claim to the Insurance?
Both Diagnosis and Procedure Codes
Surgical codes
Procedure Codes
Codes are optional
What does it mean to "Close out the day"?
All patient have been seen and staff goes home
No further accounts receivable transactions for the day.
A Manual day sheet can be destroyed
All charges have been posted.
What services are commonly performed by outside companies?
Preparing Payroll checks for office employees
Entering charges and payments for patient visits
Managing accounts payable
managing accounts receivable
Where is the MICR line located on a check?
Top right corner
Along the bottom of the Check
bottom right corner
above the date line
How often are bank deposits completed?
Hourly
Bi-weekly
Daily
As needed
In a business checkbook, the stubs on the left side of the checkbook function as a running checkbook ledger. True or False
True
False
Which account keeps a record of cash disbursements?
Accounts Payable
Accounts receivable
cash bookkeeping system
Money market account
When is the first bill sent to the patient?
Within a week of the office visit
Weekly
At the next scheduled billing after insurance has paid?
Monthly
What is the billing method that sends bills to some patients weekly?
Cycle billing
Monthly billing
Balance due billing
Alphabetic billing
If a patient is returned for NSF how should the MA enter it into the patient account?
As a Payment
As a debit adjustment that increases the patients balance
As Credit adjustment that decreases the patient balance
As a charge
Which of the following do banks usually charge an extra fee?
Depositing checks from a smartphone
Requesting online statement
Refunding a check to a patient
Stopping payment on a check
What is the process called when you look how long a specific account balance has been outstanding?
Crediting
Aging
Recording
Ledger balance
