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Mops terms 1
Question | Answer |
---|---|
The total amount of money owed for service rendered. | Accounts Receivable |
An analysis of accounts receivable indicating 60,90, and 120 days delinquency. | Aging Accounts |
The money owed on an account. | Account Balance |
The state of being legally unable to pay one's debts; destitution. | Bankruptcy |
A statement of fees owed for services rendered. | Bill |
An obligation of an insurance company or bonding agency to protect an employer against financial loss caused by the acts of ommission of employees. | Bonding |
Fees for professional services rendered. | Charging. |
A transaction or fee slip completed by a physician at the time a patient receives medical treatment | Charge slip/Transaction slip |
A written order to pay a sum of money;the most common form of money exchange other than cash. | Check |
Any possession, such as automobile,furniture,stock, or bonds,etc., that secures the discharge of an obligation. | Collateral |
The proportion of money that is owed to money that is collected on account receivable. | Collection rate |
An entry on an account constituting an addition to a revenue, net worth or liability account; the balance in a person's favor in an account. | Credit |
Sending itemized statement on the basis of an alphabetical break-down to portions of the accounts receivable at certain times of the month. | Cycle billing |
An entry on an account constituting an addition to an expense or asset account or a deduction from a revenue, a net worth, or a liability account. | Debit |