Exam (elaborations)
Medical Office Administration Chapter 14 well answered already passed
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Medical Office Administration Chapter 14 well answered already passed
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Medical Office Administration Chapter 14a report that lists the amount of assets, liabilities, and capital of a medical office - correct answer
✔✔balance sheet
items of value such a s furniture , cash, and equipment - correct answer ✔✔assets
all of the following are usually on a payment receipt except - correct answer ✔✔payer's insurance
company
when a check is received by mail, what should immediately be done with the check - correct answer
✔✔endorse a check with a restrictive endorsement
bank deposits should be made - correct answer ✔✔daily
all of the following are true about purchase orders except - correct answer ✔✔pos are issued for every
expense from a petty cash fund
all of the following are true regarding bank account reconciliation except - correct answer ✔✔bank
statements should be reconciled biannually
what term means profit and loss statement - correct answer ✔✔income statement
patient accounts are known as - correct answer ✔✔accounts receivable
identifies profit earned over a period of time - correct answer ✔✔income statement
identifies the amounts of assets, liabilities, and owner's equity in a medical practice - correct answer
✔✔balance statement
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