Accounts receivable are moneys that are expected but not yet received. All invoices, statements, and operational expenses are included in accounts receivable.
A) Both statements are true.
B) Both statements are false.
C) The first statement is true; the second is false.
D) The first statement is false; the second is true.

Question

Quizplus · Accepted Answer

Accounts receivable are moneys that are expected but not yet received. The amount charged on the encounter form becomes the account receivable for the healthcare facility. Accounts payable is the management of debt incurred and not yet paid. All invoices, statements, and operational expenses are included in accounts payable. Once expenses are paid, they are no longer categorized as accounts payable.

Accounts Receivable Are Moneys That Are Expected but Not Yet