Deck 17: Bookkeeping Procedures: Accounts Receivable

Question 1

What is the last step in the daily routine for managing patient transactions?

A)Document payments.
B)Document patient treatments.
C)Complete end of day procedures.
D)Post financial transactions.

Answer 1

Complete end of day procedures.

Question 2

Fill in the blank: A/an _______ is created when a patient pays for treatment in advance.

A)account balance
B)balance adjustment
C)service charge
D)credit balance

Answer 2

credit balance

Question 3

All the following are components of the financial record,except:

A)patient information.
B)responsible party.
C)insurance coverage.
D)treatment plans and associated costs.

Answer 3

treatment plans and associated costs.

Question 4

What is the purpose of a routing slip?

A)To inform the front desk where the patient record is located when it has been removed from the file
B)To provide the back office staff with information as to which treatment rooms are being used
C)To communicate treatment information between the treatment area and the business office
D)To inform the office manager when insurance claims have been sent to an insurance provider

Question 5

When transactions are posted in a computerized accounting system,the information is stored in the patient's database and is used to generate:

A)the patient's ledger.
B)the patient's billing statement.
C)the insurance claim.
D)all of the above.

Question 6

Bookkeeping is the responsibility of the _______.

A)administrative dental assistant
B)dentist
C)accountant
D)office manager

Question 7

All the following components are part of the pegboard system,except the:

A)receipt.
B)ledger card.
C)accounts receivable report.
D)daily journal.

Question 8

Accounts payable can be defined as a:

A)system of recording all financial transactions.
B)system that records all financial transactions between a patient and the dental practice.
C)system that records all monies the dental practice owes others.
D)method used to verify and classify all transactions.

Question 9

Which of the following should be kept to complete the audit report,if a one-write system is used?

A)The NCR deposit slip
B)The receipt
C)The charge slip
D)The patient's ledger card

Question 10

Patients commonly pay their bills around their payday.If the patient usually is paid on the 1st of the month,when would be the best date for the office to send out bills?

A)Bills should be sent so they will arrive around the 10th of the month.
B)Bills should be sent so they will arrive around the 23rd of the month.
C)All bills should be mailed on the first day of the month.
D)Bills should be sent out bimonthly in alphabetic order.

Question 11

Superbills are regularly used as routing slips.Routing slips must be kept from the sight of all unauthorized personnel.

A)The first statement is true;the second statement is false.
B)The first statement is false;the second statement is true.
C)Both statements are true.
D)Both statements are false.

Question 12

Which of the following is not included in the billing statement?

A)Date of service
B)Patient's Social Security number
C)Patient identification
D)List of transactions

Question 13

In a computerized system,which of the following alerts other members of the team that the patient has arrived?

A)Change the patient's status in the electronic scheduler to "in the office."
B)Ask the patient to update his/her health history at the computer kiosk.
C)Use the light intercom to announce the patient's arrival.
D)Queue the system to process the insurance claim.

Question 14

The administrative dental assistant should pull patients' clinical records,confirm appointments,and prepare the daily schedule _______.

A)a week in advance
B)the day before treatment
C)before patients arrive
D)as patients arrive

Question 15

A "one-write system" is an example of a(n)__________ system.

A)computerized bookkeeping
B)manual bookkeeping
C)one-step accounts payable and receivable
D)automated billing

Question 16

Fill in the blank: A(n)_______ system calculates the amount of money owed to the dental practice by accounting for charges and payments.

A)accounts payable
B)accounts receivable
C)pegboard
D)bookkeeping

Question 17

Knowledge of how to properly make entries and use receipts and superbills is required by the administrative dental assistant for use of which type of bookkeeping?

A)Accounts receivable
B)Computerized bookkeeping
C)Pegboard system
D)QuickBooks Accounting

Question 18

What is the purpose of production reports?

A)Categorize the monies that patients and insurance companies owe the dental practice
B)Identify what types of procedures have been performed and by whom
C)Help to determine the financial health of the dental practice
D)Identify the cost it takes to operate a business

Question 19

Which of the following adjustments will raise the patient's balance?

A)Returned check
B)Disallowed insurance charge
C)Professional courtesies
D)Uncollectible fees

Question 21

Why is an audit report necessary?

A)It is used to report business,income,and payroll taxes.
B)It identifies mistakes so they can be Correct:ed.
C)It protects the employer against embezzlement.
D)Both B and C

Question 22

Which of the following reports are used to determine the cost of operating the dental practice?

A)Financial reports
B)Accounts receivable reports
C)Profit and loss statements
D)Aging reports

Question 23

_______ are used to illustrate different financial and patient trends.

Question 24

Money that remains unpaid,in overdue accounts,_______.

A)depreciates
B)appreciates
C)stagnates
D)none of the above

Question 25

Cash from a deposit can be used to quickly and easily replenish the petty cash fund.