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Answer-Integrated Exam Hmap 163 Final 2024/2025

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What is a daily ledger/Day Sheet? Answer: a form used to record all daily transactions and payments received What is a patient account ledger? Answer: a form that houses all transcationsthe patient has made for products or services Why should checks be deposited very quickly? ...

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  • August 28, 2024
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  • 2024/2025
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Answer-Integrated Exam Hmap 163 Final
2024/2025

What is a daily ledger/Day Sheet? Answer: a form used to record all daily transactions and
payments received



What is a patient account ledger? Answer: a form that houses all transcationsthe patient has made
for products or services



Why should checks be deposited very quickly? What are we trying to avoid? Answer: - Funds
become unavailable

- Stop payments can occur

- old checks



What is a credit? Answer: a payment subtracted from existing balance



What is a debit? Answer: a charge added to an existing balance



What is a credit or debit balance? Answer: - Credit balance: amount paid is greater than what is due

- Debit balance: amount paid is less than what is due



What is AR and AP? Answer: Accounts receivable & Acconts Payable



Accounts Payable Answer: The total amount of money owed others



Accounts receivable Answer: Total amount of money that is owed to the office

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