Asked by Ma. Fina Sumampong on Apr 28, 2024
Verified
All the outstanding amounts still due from a patient or customer to a doctor
A) accounting formula
B) accounts receivable ratio formula
C) gross collection ratio formula
D) net collection ratio formula
E) cost ratio formula
F) assets
G) write-offs
H) liabilities
I) accounts receivable
J) income statement
Accounts Receivable
Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.
Outstanding Amounts
The total sums of money that are owed or pending payment.
- Understand the concept of accounts receivable and its impact on business operations.
Verified Answer
AB
Ashley BarnesMay 01, 2024
Final Answer :
I
Explanation :
Accounts receivable refers to the outstanding invoices a company has or the money the company is owed from its clients. In the context of a doctor's office, it would be the amount still due from patients for services rendered.
Learning Objectives
- Understand the concept of accounts receivable and its impact on business operations.