25 terms

Mod C - Chapter 5 - Study Guide sheet (lab)

blank endorsement
type of endorsement in which only a signature is listed on the back of a check
aging report
determining how long an account with or without a balance has been outstanding
if you owe money it is
anything of value is considered an
accounts receivable
record of patient transactions showing an amount due
accounts payable
money and funds owed to someone else
type of endorsement a business should use when depositing a check
Federal Truth in Lending Act
responsible for regulations that apply to written payment agreements
one-write system
also known as pegboard
encounter form
also known as superbill
gross wages
total amount of money earned before deductions are taken
document indicating the activity in an account
net wages
total amount of money paid for work, minus deductions
balance sheet
report on the financial conditions of a business on a certain date
person receiving payment of a debt
fee schedule
listing of a physicians charges for services
person paying a debt
financial statement
reports that indicate the financial condition of a business
post dated
using a written future date
income statment
report showing the results of income and expenses over time
tool used to analyze the effect of a transaction on an account
anything of value owned by a business that can be used to acquire other items
workers compensation
system that provides insurance to the employer for a woker injured on the job
write- off
amount of money not able to be collected
financial activity of a business