Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once.
-Money paid by the patient or insurance carrier
A)charges
B)payments
C)accounts payable
D)adjustments

Question

​Identify whether the following description is an advantage of the double-entry bookkeeping system over the single-entry system.Note: Answers may be used more than once.
-​Money paid by the patient or insurance carrier
A)​charges
B)​payments
C)​accounts payable
D)​adjustments

Quizplus · Accepted Answer

Payments refer to the money received from patients or insurance carriers, which is a transaction type that can be accurately recorded and tracked in a double-entry bookkeeping system, offering a clear financial picture and ensuring accuracy in records.

​Identify Whether the Following Description Is an Advantage of the Double-Entry

Identify Whether the Following Description Is an Advantage of the Double-Entry