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Bookkeeping Definations Questions And Answers
BOOKKEEPING DEFINATIONS 
 
accounts payable - Answer- The management of debit incurred and not yet paid; money the provider owes to others. 
 
accounts receivable - Answer- Money that is expected but has not yet been received 
 
adjustments - Answer- Credits posted to the patient account record when the provider's fee exceeds the amount allowed stated on the EOB 
 
bookkeeping - Answer- The recording of financial transactions in the patient account records 
 
collections - Answer- The process o...