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What is the most likely cause of the deposits not agreeing with the credits on the patient ledger?
The most likely cause of the deposits not agreeing with the credits on the patient ledger could be discrepancies due to data entry errors, such as incorrect amounts being recorded or transactions being missed. Additionally, timing issues may arise if deposits are made after the ledger is updated, leading to mismatches. Other potential factors could include unposted payments or adjustments not reflected in the ledger. Regular reconciliation and audits can help identify and correct these inconsistencies.
What else can I help you with?
What is the purpose of patient ledger cards and encounter forms?
This helps to keep patient payments up to date. The ledger shows the date the patient was billed and how much they paid.
Which accounts belong in accounts payable ledger?
belong to credits
Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means?
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a
What is a book of accounts showing debits and credits called?
The General Ledger
What does a balance sheet proves?
the debits and credits equal in general ledger
The controlling account in the general ledger that summarizes the debits and credits to the individual customers accounts in the subsidiary ledger is entitled?
Accounts Receivable.
What are the rules for posting into a general ledger?
The rules of posting into a general ledger are simple. Keep track of expenses in one part of the ledger and keep track of credits in another part.
Debits are entered on what side of the general ledger?
Debits are entered on the left hand side of the ledger and therefore Credits are on the right hand side.
The process of transferring the debits and credits from the journal to the ledger accounts is called?
posting
What is Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means?
The dollar amounts of debits equals the dollar amount of credits in the ledger of a balance sheet. When these two values are equal, the budget is balanced.
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called?
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called the balance sheet.
How do you use a checkbook ledger?
an informal recored of all deposits to and withdrawals from a given checking account
