click below
click below
Normal Size Small Size show me how
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 |