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- 1. Multiple Choice
An example of a bad debt ____________ would be if a patient owes the office $200 and the patient dies unexpectedly, leaving the remaining balance of $200 uncollectible.
write-down
write-off
non-collection
forgiveness
- 2. Multiple Choice
It is typically the responsibility of the _____ to produce the values used in cost-benefit analysis.
accountant
bookkeeper
medical assistant
office manager
- 3. Multiple Choice
The petty cash fund is established by writing a check payable to “petty cash” or:
the name of the person who manages the petty cash fund
the name of the bank from which the money will be drawn
“cash”
“recipient”
- 4. Multiple Choice
When a statement is received from a supplier, you should:
verify that everything on the invoice was received before making payment
promptly mail a check for the full amount due if funds are available
refrain from sending payment until a second notice is sent
mail a check for no more than 50 percent of the amount due if funds are available
- 5. Multiple Choice
A medical assistant working in accounts payable should:
have an accounting degree
pay bills on time only when it is convenient to do so
be highly organized
have a great deal of medical training
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