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MOR- Test #2 > Chapter 12- Accounting > Flashcards

Chapter 12- Accounting Flashcards

0
Q

Accounts payable

A

Money owed by the practice

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1
Q

Accounts receivable

A

Money owed to the practice

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2
Q

Equation that is the foundation of accounting

A

Assets= liabilities + equity

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3
Q

Ledger card

A

Record of patients financial activities

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4
Q

How long should ledger cards be kept?

A

Same length of time as medical records as they are considered legal documents

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5
Q

Charge column of day sheet

A

Original charges incurred for services rendered.

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MOR- Test #2 (3 decks)

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