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Administrative Medical Assistant Chapter 15 Bookkeeping questions with complete solutions 2024 $13.49   Add to cart
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Administrative Medical Assistant Chapter 15 Bookkeeping questions with complete solutions 2024
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Administrative Medical Assistant Chapter 15 Bookkeeping questions with complete solutions 2024

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  • October 22, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • administrative medical assistant chapter 15 bookke

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Administrative Medical Assistant
Chapter 15 Bookkeeping
account - correct answer ✔Formal record of all transactions made on an
individual's financial record, listing debits, credits, and balance; may be
computerized. In a medical practice using a manual bookkeeping system, this
term is referred to as a ledger or ledger card.


accounting - correct answer ✔A system of recording and summarizing
business and financial transactions and analyzing, verifying and reporting the
results


accounts payable (A/P) ledger - correct answer ✔Record book that lists
detailed amounts owed to creditors for the operation of a business, such as
supplies and equipment, services rendered, or facility expenses


accounts receivable control - correct answer ✔Daily summary of dollar
amounts that remain unpaid on all accounts


accounts receivable (A/R) - correct answer ✔Record book that lists all
patients' outstanding accounts showing how much each one owes for services
rendered


adjustment - correct answer ✔Credit entry made on an account or ledger to
decrease a balance that may be due to professional discounts, courtesy
adjustments (write-offs), disallowances by insurance companies, or to correct
bookkeeping errors


assets - correct answer ✔Any possessions, either physical objects (tangible)
or resources (intangible), having money value. Tangible assets include cash,

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