ut the correct word next to the answer that best describes the following : scheduling, cash, coding, accrual, FIFO, accounts payable, LIFO, point of service, book value, perpetual Often called trade credit. It assumes that payment is made when due. Answer 1 It is assumed that the last units acquired are the first ones used. Answer 2 An asset original cost less the amount of accumulated depreciation. Answer 3 This is the beginning of the revenue cycle Answer 4 The type of accounting used by health care facilities Answer 5 When the patient shows up for care. Answer 6 The organization always knows how much inventory it has on hand Answer 7 The translation of services provided into billable charges. Answer 8 It is assumed that the units required earlier are used before units acquires later Answer 9 The major source of financing for an organization Answer 10
ut the correct word next to the answer that best describes the following : scheduling, cash, coding, accrual, FIFO, accounts payable, LIFO, point of service, book value, perpetual Often called trade credit. It assumes that payment is made when due. Answer 1 It is assumed that the last units acquired are the first ones used. Answer 2 An asset original cost less the amount of accumulated depreciation. Answer 3 This is the beginning of the revenue cycle Answer 4 The type of accounting used by health care facilities Answer 5 When the patient shows up for care. Answer 6 The organization always knows how much inventory it has on hand Answer 7 The translation of services provided into billable charges. Answer 8 It is assumed that the units required earlier are used before units acquires later Answer 9 The major source of financing for an organization Answer 10
Chapter9: Adjusting Entries
Section: Chapter Questions
Problem 1M
Related questions
Question
Put the correct word next to the answer that best describes the following :
scheduling, cash, coding, accrual, FIFO, accounts payable, LIFO, point of service, book value, perpetual
|
Often called trade credit. It assumes that payment is made when due. |
Answer 1 |
|
It is assumed that the last units acquired are the first ones used. |
Answer 2 |
|
An asset original cost less the amount of accumulated
|
Answer 3 |
|
This is the beginning of the revenue cycle |
Answer 4 |
|
The type of accounting used by health care facilities |
Answer 5 |
|
When the patient shows up for care.
|
Answer 6 |
|
The organization always knows how much inventory it has on hand
|
Answer 7 |
|
The translation of services provided into billable charges.
|
Answer 8 |
|
It is assumed that the units required earlier are used before units acquires later
|
Answer 9 |
|
The major source of financing for an organization |
Answer 10 |
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