RMA 12

  1. A list of all employees and their earnings, deductions, and other information is called





    D.
  2. A payer's own check that is guaranteed by the bank is called a





    D.
  3. Recording financial transactions in a bookkeeping or accounting system is called





    E.
  4. Paper towels are considered





    C.
  5. Amounts charged with suppliers or creditors that remain unpaid are referred to as





    B.
  6. A collection ratio is





    B.
  7. The portion of the salary held back from payroll checks for the purpose of paying government taxes is known as





    D.
  8. Which of the following may be used by a payer as a third party check?





    E.
  9. A billing statement should include





    E.
  10. Which of the following due dates for Employer's Quarterly Federal Tax Returns is NOT correct?





    D.
  11. Aging accounts receivable





    A.
  12. A piece of paper describing a purchase and the amount due is known as a





    B.
  13. Evaluation of collection is based on





    D.
  14. Which of the following statements regarding state unemployment tax is correct?





    C.
  15. The accounts receivable ratio shows

    A. The dollar value of the services performed
    B. How fast outstanding accounts are being paid.
    C. The number of outstanding accounts
    D. Both B and C
    E. Both A and B
  16. What is a trial balance?





    A.
  17. Cash amounts that are paid out are called





    A.
  18. A vendor's invoice should be kept on file for at least how long?





    C.
  19. The reviewing of financial data to verify accuracy and completeness is called





    A.
  20. Which of the following does debit mean?





    E.
  21. When new supplies are recieved, you should





    C.
  22. A bank draft is a check drawn by a bank





    A.
  23. The credit policies of the medical facility





    D.
  24. Petty cash may be used





    A.
Author
sarahexplorer
ID
30988
Card Set
RMA 12
Description
RMA 12
Updated