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Med 108

chapter 23

QuestionAnswer
Debts incurred and not yet paid Accounts Payable
Amounts owned to the Physician Accounts Recevable
A medthod of determining that the Journal and ledger arein balance Accounts Receivable Trial Balance
Method of accounting in which income is recorded when earned and expences are recorded when incurred accrual basis of accounting
the entire property of a person,association, corporation,or estate applicable or subject to payment of debts assets
a financial statment for a specific date that shows the total assets,liablites,and capital of abisiness balance sheet
the recording of business and accounting transactions bookkeeping
method of accounting in whitch income is recorded when received and expences are recorded when paid cash basis of accounting
A financial summary for a specific periodthat shows the begining balance on hand, the receipts and disbursements during the period,and the balance on hand at the end of thr period cash flow statment
A summary of accounts paid out disbursements Journal
The money value of a property or of an interest in a property in excess of claims or liens against it Equities
an acounting period of 12 months Fiscal year
state in which the total ending balance ofpatients ledgers equals totalof accounts receive in balance
a paper decribing a purchase and the amount due invoice
things that are owed; Debts liabilities
an itemized list of objects in a package packing slip
a fund maintained to pay small unpredictable petty cash fund
A requst for payment statment
a summary of all income and expenceses for a given time statment of income and expence
a methed of checking the accuracy of accounts trial balance
Created by: gingersnap
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