Mops terms 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| The total amount of money owed for service rendered. | Accounts Receivable
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| An analysis of accounts receivable indicating 60,90, and 120 days delinquency. | Aging Accounts
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| The money owed on an account. | Account Balance
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| The state of being legally unable to pay one's debts; destitution. | Bankruptcy
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| A statement of fees owed for services rendered. | Bill
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| 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
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| Fees for professional services rendered. | Charging.
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| A transaction or fee slip completed by a physician at the time a patient receives medical treatment | Charge slip/Transaction slip
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| A written order to pay a sum of money;the most common form of money exchange other than cash. | Check
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| Any possession, such as automobile,furniture,stock, or bonds,etc., that secures the discharge of an obligation. | Collateral
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| The proportion of money that is owed to money that is collected on account receivable. | Collection rate
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| 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
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| 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
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| 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
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Created by:
stevek
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