Title: Define bookkeeping terms.
Course: Medical Assistant I (14151-I) > Section: Managing Financial Transactions

Definitions should include

- charges
- payments
- accounts receivable
- accounts payable
- adjustments.

Process/Skill Questions:

- Why would a medical office keep a daily payment log?
- What is the procedure for handling a late payment?
- What is the procedure for filling out a receipt?
- What is the difference between accounts receivable and accounts payable?
- What are the consequences of using inaccurate ICD and CPT codes?