Question 1

The first step in reconciling the bank statement is to verify:

Accepted Answer

A) the balance. 
B) deposits. 
C) debits. 
D) canceled checks. 
A) the balance. 
B) deposits. 
C) debits. 
D) canceled checks. C

Question 2

Salary can be reported in several ways.From the following,identify the classification in which employees are paid according to the amount of work they produce.

Accepted Answer

A) Hourly employee 
B) At will employee 
C) Contract employee 
D) Salaried employee 
A) Hourly employee 
B) At will employee 
C) Contract employee 
D) Salaried employee C

Question 3

Sound accounting practices mandate that the person who writes the checks cannot also sign the checks.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following is not needed to reconcile an account?

Accepted Answer

A) Check register 
B) Payroll records 
C) Deposit records 
D) Bank statements 
A) Check register 
B) Payroll records 
C) Deposit records 
D) Bank statements

Question 5

A new employee is asked to present documents that prove he has the right to work in the United States.All the following documents are acceptable,except a(n):

Accepted Answer

A) expired U.S.passport. 
B) unexpired employment authorization document issued by the INS,with a photograph. 
C) driver's license and U.S.Social Security card. 
D) expired foreign passport with I-551 stamp. 
A) expired U.S.passport. 
B) unexpired employment authorization document issued by the INS,with a photograph. 
C) driver's license and U.S.Social Security card. 
D) expired foreign passport with I-551 stamp.

Question 6

Which of the following statements is true?

Accepted Answer

A) Married employees can share a payroll record. 
B) Payroll and personnel records should be kept in the same file. 
C) Personnel records are confidential. 
D) A copy of the employee's social security card can be kept in the employee's personnel record. 
A) Married employees can share a payroll record. 
B) Payroll and personnel records should be kept in the same file. 
C) Personnel records are confidential. 
D) A copy of the employee's social security card can be kept in the employee's personnel record.

Question 7

Federal income,Social Security,and Medicare taxes are reported on which of the following government forms?

Accepted Answer

A) Form 1099 
B) Form 941 
C) W-2 
D) W-4 
A) Form 1099 
B) Form 941 
C) W-2 
D) W-4

Question 8

Match between columns
                        Premises: Categorize the expenditures for use in accounting reports.
Categorize unpaid bills by the date each check will be written.
Prepare the checks
Stamp the date paid on the statement,and include the check number.
Establish set dates,each month,when checks will be generated.
Verify charges by comparing invoices with the statement.

Accepted Answer

The Answer of Step Two and Step One and Step is...

Question 9

How long must payroll records be kept?

Accepted Answer

The answer of How long must payroll records be kept?...

Question 10

An invoice is a list of purchased items and their charges.What do you call a list of the totals of all the invoices?

Accepted Answer

A) Ledger 
B) Deposit slip 
C) Statement 
D) Register 
A) Ledger 
B) Deposit slip 
C) Statement 
D) Register

Question 11

Payments can be authorized automatically,on the same day each month.These automatic payments do not need to be recorded,documented,or verified.

Accepted Answer

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. 
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 an Employer Identification Number?

Accepted Answer

A) 212-45-8761 
B) 27-8437796 
C) D-1-602E 
D) 307-BUR-2011 
A) 212-45-8761 
B) 27-8437796 
C) D-1-602E 
D) 307-BUR-2011

Question 13

The IRS W-4 form serves what purpose?

Accepted Answer

A) Documents employment eligibility 
B) Establishes employee's withholding allowance 
C) Documents eligibility for earned income credit 
D) Documents wages earned 
A) Documents employment eligibility 
B) Establishes employee's withholding allowance 
C) Documents eligibility for earned income credit 
D) Documents wages earned

Question 14

Fill in the blank: It may take up to _______ days for a check,sent by mail,to be received and processed.

Accepted Answer

A) 5 
B) 7 
C) 10 
D) 30 
A) 5 
B) 7 
C) 10 
D) 30

Question 15

A(n)_______ is a list that summarizes all invoices sent during the month.

Accepted Answer

A) accounting report 
B) statement 
C) pegboard copy 
D) payment authorization 
A) accounting report 
B) statement 
C) pegboard copy 
D) payment authorization

Question 16

Insurance companies commonly _______ in a practice called direct deposit.

Accepted Answer

A) deposit funds through an ATM 
B) transmit information to the bank through scanned images of a check 
C) take funds to the bank to have them physically deposited in the dental practice bank account 
D) transfer money directly from their bank account to the dental practice bank account 
A) deposit funds through an ATM 
B) transmit information to the bank through scanned images of a check 
C) take funds to the bank to have them physically deposited in the dental practice bank account 
D) transfer money directly from their bank account to the dental practice bank account

Question 17

You have been assigned to handle the payroll for the dental office.What government publication would be a helpful reference?

Accepted Answer

A) IRS Publication 15 Circular E 
B) U.S.Treasury Publication 1541 
C) IRS Form I-9 
D) Form 941 
A) IRS Publication 15 Circular E 
B) U.S.Treasury Publication 1541 
C) IRS Form I-9 
D) Form 941

Question 18

Which of the following statements is false?

Accepted Answer

A) Unpaid bills should be categorized alphabetically,using the company name. 
B) Monthly statements include a grace period. 
C) Bills paid electronically are received and processed more quickly than payments sent through the mail. 
D) Some types of payments must be paid on a specific date,or a penalty will be assessed. 
A) Unpaid bills should be categorized alphabetically,using the company name. 
B) Monthly statements include a grace period. 
C) Bills paid electronically are received and processed more quickly than payments sent through the mail. 
D) Some types of payments must be paid on a specific date,or a penalty will be assessed.

Question 19

All employment tax records must be kept for a period of _____ years.

Accepted Answer

A) 2 
B) 4 
C) 5 
D) 7 
A) 2 
B) 4 
C) 5 
D) 7

Question 20

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

Accepted Answer

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

The first step in reconciling the bank statement is to verify:

Salary can be reported in several ways.From the following,identify the classification in which employees are paid according to the amount of work they produce.

Sound accounting practices mandate that the person who writes the checks cannot also sign the checks.

Which of the following is not needed to reconcile an account?

A new employee is asked to present documents that prove he has the right to work in the United States.All the following documents are acceptable,except a(n):

Which of the following statements is true?

Federal income,Social Security,and Medicare taxes are reported on which of the following government forms?

How long must payroll records be kept?

An invoice is a list of purchased items and their charges.What do you call a list of the totals of all the invoices?

Payments can be authorized automatically,on the same day each month.These automatic payments do not need to be recorded,documented,or verified.

Which of the following is an Employer Identification Number?

The IRS W-4 form serves what purpose?

Fill in the blank: It may take up to _______ days for a check,sent by mail,to be received and processed.

A(n)_______ is a list that summarizes all invoices sent during the month.

Insurance companies commonly _______ in a practice called direct deposit.

You have been assigned to handle the payroll for the dental office.What government publication would be a helpful reference?

Which of the following statements is false?

All employment tax records must be kept for a period of _____ years.

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

Orientation to the Dental Profession

Dental Basics

Communication Skills and Telephone Techniques

Written Correspondence

Patient Relations

Dental Healthcare Team Communications

Computerized Dental Practice

Patient Clinical Records

Information Management

Dental Patient Scheduling

Recall Systems

Inventory Management

Dental Office Equipment

Financial Arrangements and Collection Procedures

Dental Insurance Processing

Bookkeeping Procedures: Accounts Receivable

Employment Strategies

Filters

Exam 16: Bookkeeping Procedures: Accounts Payable

The first step in reconciling the bank statement is to verify:

Salary can be reported in several ways.From the following,identify the classification in which employees are paid according to the amount of work they produce.

Sound accounting practices mandate that the person who writes the checks cannot also sign the checks.

Which of the following is not needed to reconcile an account?

A new employee is asked to present documents that prove he has the right to work in the United States.All the following documents are acceptable,except a(n):

Which of the following statements is true?

Federal income,Social Security,and Medicare taxes are reported on which of the following government forms?

How long must payroll records be kept?

An invoice is a list of purchased items and their charges.What do you call a list of the totals of all the invoices?

Payments can be authorized automatically,on the same day each month.These automatic payments do not need to be recorded,documented,or verified.

Which of the following is an Employer Identification Number?

The IRS W-4 form serves what purpose?

Fill in the blank: It may take up to _______ days for a check,sent by mail,to be received and processed.

A(n)_______ is a list that summarizes all invoices sent during the month.

Insurance companies commonly _______ in a practice called direct deposit.

You have been assigned to handle the payroll for the dental office.What government publication would be a helpful reference?

Which of the following statements is false?

All employment tax records must be kept for a period of _____ years.

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

Orientation to the Dental Profession

Dental Basics

Communication Skills and Telephone Techniques

Written Correspondence

Patient Relations

Dental Healthcare Team Communications

Computerized Dental Practice

Patient Clinical Records

Information Management

Dental Patient Scheduling

Recall Systems

Inventory Management

Dental Office Equipment

Financial Arrangements and Collection Procedures

Dental Insurance Processing

Bookkeeping Procedures: Accounts Receivable

Employment Strategies

Filters