Bookkeeping Test

3. credit entry made on an account to decrease a balance owed to the medical office
5. a payment subtracted from existing balance
6. occurs when the amount paid is less than the total due
9. a reporting system to see who has not paid on his or her account
11. anything owned that has exchange value
13. occurs when the amount paid is greater than was due
16. when a customer does not pay the business within the terms specified and is sometimes submitted to a collections agency
17. a charge added to existing balance
18. the history of patient services, service charges and descriptions, applied payments and adjustments, and remaining balances

1. a smaller amount of cash available for small business expenses
2. the amount of money owed on an account
4. money placed into a bank for safe keeping
7. the total amounts owed by the practice to suppliers and other service providers
8. proof of a financial transaction
10. a record of an account sent to the account holder
12. anything to which a person is liable, responsible, legally bound
14. form used for recording all daily financial transactions of charges made and payments received
15. the transfer of information from one record to another