1
this is not included in the company details on an invoice
what is an invoice number
the ____ ratio is also known as the adjusted collection ratio
what is net collection
the petty cash fund is established by writing a check payable to petty cash or
what is cash
a medical assistant working in accounts payable should be
what is highly organized
an accounting method in which each financial transaction is recorded only once in acc
what is single entry?
the date on the invoice that payment is due
what is a the due date
A_____ is also know as a statement of financial position
what is a balance sheet
cost benefit analysis is not
what is an advanced, complex type of cost analysis
the process of spending funds
what is expenditure
an accounting method of recording transactions that provides an equality of debits and credits.
what is double entry?
the accounts receivable ratio has a goal of
what is two months or less
considered an appropriate reason for write- off in clinical practice
what is a professional courtesy discount
the person who is responsible to produce the values used in cost benefit analysis
who is the accountant
used when small payments are required
what is petty cash
______ Involves the entire process of identifying, recording, and communicating economic events
what is accounting
this is usually not considered an overhead expense
what is payroll
the medical assistant working in accounts payable should be
what is be highly organized
cost benefit analysis is not
what is a complex, advanced type of cost analysis
assets-liabilities= net worth
what is the basic accounting formula?
document that serves as proof that the terms of a transaction have been met
what is a voucher
daily ____ is an integral function of financial responsibilities of a practice
what is balancing
if the petty cash fund was originally $50 and has been depleted down to $3, a new petty cash check should be written for an amount of
what is $47
commonly not considered an overhead expense
what is payroll
Bad debts Professional courtesy discounts Contractual discounts
what are write-offs
The date on an invoice by which payment should be made is called the:
what is due date