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Med 108
chapter 23
Question | Answer |
---|---|
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 |