Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
MOP
SUMMER QUARTER
| Question | Answer |
|---|---|
| Accounts receivable | The total amount of money owed for services rendered |
| Aging accounts | An analysis of accounts receivable indicating 60, 90, and 120 days delinquency |
| Account balance | The money owed on an account |
| Bankruptcy | The state of being legally unable to pay one's debts; destitution |
| Bill | A statement of fees owed for services rendered |
| Bonding | An obligationof an insurance company or bonding agency to protect an employer against financial loss caused by the acts of omissions of employees |
| Charging | Fees for professional services rendered |
| Charge slip/transaction slip | A transaction or fee slip completed by a physician at the time a patient receives medical treatment |
| Check | A written order to pay a sum of money; the most common form of money exchange other than cash |
| Collateral | Any possession, such as automobile, furniture, stock, or bonds, etc., that secures the discharge of an obligation |
| Collection rate | The proportion of money that is owed to money that is collected on accounts receivable |
| Credit | 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 |
| Cycle billing | Sending itemized statements on the basis of an alphabetical break-down to portions of the accounts receivable at certain times of the month |
| Debits | 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 |
Created by:
stefaneks
Popular Accounting sets