There is an important factor in the __________ method for the healthcare administrator to understand: the organization will account for revenue in the period it was realized even though it was not paid for yet.
A) financial accounting
B) managerial accounting
C) accrual accounting
D) cash basis

Question

Quizplus · Accepted Answer

The correct answer is C) accrual accounting. In accrual accounting, revenue is recorded when it is earned, regardless of when the payment is actually received. This method contrasts with cash basis accounting, where revenue is recorded only when the cash is received.

There Is an Important Factor in the __________ Method for the Healthcare