In accruing patient charges for the current month, which one of the following accounts should a hospital credit?
A) Accounts Payable.
B) Deferred Revenue.
C) Public Support Revenue.
D) Patient Service Revenues.
E) Accounts Receivable.

Question

Quizplus · Accepted Answer

When a hospital accrues patient charges, it recognizes the revenue earned from providing services. Therefore, it credits the Patient Service Revenues account to reflect the increase in earned revenue.

In Accruing Patient Charges for the Current Month, Which One