Book Keeping test

3. term used by a business when referring to money owed to that business by a costumer.
6. anything owned that has exchange value; the money and items of value in a business.
7. all the outstanding accounts; a reporting system to see who has not paid on his or her account.
8. debts or accounts payable owed by the business
10. occurs when the amount paid is less than the total due.
14. the difference between an amount due and an amount paid.
15. a small amount of cash available for small business expenses; usually maintained in a locked container.
16. to deduct, to change; a charge added to an existing balance.
17. a record of all charges or services rendered for one patient.
18. form used for recording all daily financial transactions of charges made and payments received.

1. the total amounts owed by the practice to suppliers and other service providers for regular business operating expenses.
2. a record of an account sent to the account holder
4. the transfer of information from one record to another.
5. occurs when the amount paid is greater than the total due, or when the account is being paid in advance of services provided.
9. credit entry made on an account to decrease a balance owed to the medical office.
11. money placed into a deposit account at a bank.
12. a document that represents proof of a financial transaction.
13. a payment subtracted from existing balance.