Everest345modcwk1 Word Scramble
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Question | Answer |
assets | an item of value |
bankruptcy | state of financial ruin |
bookkeeping | process of keeping the accounts for a business |
ledger | record of all services and charges |
accounting | reporting financial results to a business |
posting | entering amounts into record |
trial balance | first estimate of debits to credits |
cash basis | payment in cash only |
day sheet | used to list each day's financial transactions |
account | statement of financial transactions |
debit | indicates when a charge has been entered into the account |
credit | when payments is received on an account |
balance | difference between the debit and credit |
credit balance | payment exceeds charge |
accounts receivable | money owed to the physician |
accounts payable | money the physician owes to others |
checking | allows for checks to be written against an account |
savings | to put money aside for interest |
adjustment | any changes made into an account; discount, writeoff, or disallowance |
aging accounts | process of determining how long an account is past due |
collection | accumulation |
fee schedule | predetermined charges |
delinquent | overdue in payment |
itemized statement | record of all transactions for an account |
reconciliation | to adjust records against bank statement |
endorsement | allows for transfer of money from one person to another |
disbursement | payment of funds |
deduction | taking away |
transaction | exchange of goods |
peg board | write it once system of documenting bills and payments |
hospice | program designed to provide care for terminally ill |
inpatient | person in the hospital overnight |
medical privileges | right to admit and practice medicine at a hospital |
cashiers checks | written on bank checks |
money orders | purchased for cash value typed on the check |
traveler's checks | checks preprinted in specific amounts |
claim | a demand for something due |
coding | system for converting services into numbers |
coinsurance | joint assumption of risk |
blank endorsement | has signatures of payee; not used in business |
ABA number | identifies the area and the bank on which the check is written |
deductible | the amount the insured is responsible to pay |
preauthorization | obtaining permission before service given |
premium | amount paid for isurance coverage |
risky checks | third party checks |
rider | an exception to insurance contract |
ledger card | contains all charges and services |
super bill | patient record of account activity |
assignment of benefits | patient's authorization giving insurance the right to pay directly to physician |
W-4 | determines amount of taxes to be withheld from each employees paycheck |
Created by:
everest
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