Which of the following would be included in the accounting balance in accounts recievable?
A) Amount owed by patient after insurance payment received
B) Value of charity provided
C) Amount medical facility owes to vendors
D) Amount patients paid at the time of service

Question

Quizplus · Accepted Answer

The amount owed by a patient after insurance payment is received is included in accounts receivable because it represents money that is expected to be received by the medical facility from patients. Accounts receivable records the amounts due to the company from customers for goods or services provided on credit.

Which of the Following Would Be Included in the Accounting