FREE AND STUDY GAMES ABOUT ADMIN PROCEDURES

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FREE AND STUDY GAMES ABOUT ADMIN PROCEDURES

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -32 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Name the most common types of checking accounts

Answer:

• Individual or joint checking acct

• Business or commercial checking acct

Question 2: Ronald P. Yeager

Answer:

blank endorsement

Question 3: bank service charges

Answer:

subtract Question 4: ATM PIN numbers:

Answer:

should be memorized and shared with no one

Question 5: NSF

Answer:

Not Sufficient Fund or nonsufficient fund

Question 6: deposit or addition to a bank account

Answer:

credit Question 7: Explain what procedures you should follow if an error is made in writing or tying a check

Answer:

Draw a diagonal line across the face of the check and void and write another one, or correct the error and initial it Question 8: All checks received in a medical office should:

Answer:

be stamped with a restrictive endorsement upon receipt Question 9: If a check is not written properly, financial responsibility for any loss is borne by

the:

Answer:

drawer Question 10: If the numerical and written amounts of a check do not agree:

Answer:

the payee receives the amount that is spelled out

Question 11: withdrawal or subtraction from a bank

Answer:

debit Question 12: Name three options you have when a check is missing the payer's signature.

Answer:

• 1st try to obtain signature by asking pt to come to office to sign check

• type over on the check where customer normally signs

• type lack of signature guaranteed

just send back the check

Question 13: Select the correct statement about bank deposits.

Answer:

• Bank deposits are routinely prepared by the administrative medical assistant

• Bank deposits should be made promptly to prevent payment from being lost, misplaced, or stolen

• Timely deposits reduce the possibility of a check being returned due to

Question 14: EFTS

Answer:

electronic funds transfer system

Question 15: deposits not shown on the bank statement

Answer:

add + interest Question 16: A joint checking account requires:

Answer:

the signature of one or both parties depending on how the account is set up Question 17: If the endorser's name is written incorrectly on the face of a check:

Answer:

the incorrect and correct name should both be used to endorse the check

Question 18: Pay to the order of Stationer's Corporation

Betty T. White Harold M. Jeffers

Answer:

full endorsement

Question 19: For deposit only (Jane Garner)

Answer:

restrictive endorsement

Question 20: the person signing a check to pay out funds from a checking account

Answer:

payer

Question 21: the person named on a check as the recipient of the amount shown

Answer:

payee

Question 22: POS

Answer:

Point-of Sale

Question 23: bank or transit number

Answer:

ABA number

Question 24: Continuation to Select the correct statement about bank deposits

Answer:

• insufficient funds.

• It is an act of courtesy to cash checks promptly so payers' bank statements can be more easily

reconciled.

• all of the above

Question 25: A system by which preauthorized transfers are made from saving to checking accounts is known by the abbreviation

Answer:

EFTS

Question 26: outstanding checks

Answer:

subtract