Asked by Sheridan Blanco on Jun 18, 2024
Verified
Which of the following are usually components of a practice's accounting system?
A) Employment contracts
B) Daily log and disbursements journal
C) W-4 forms from all employees
D) A 401(k) plan
E) Electronic health records
Daily Log
A record kept every day to track activities, observations, or progress towards goals, often used for personal or professional purposes.
Disbursements Journal
A financial record used to document cash payments or cash outflows from a business.
- Comprehend the significance and methodology of financial reporting and daily log upkeep in a medical office.
Verified Answer
JR
Julieta RodriguezzZzJun 24, 2024
Final Answer :
B
Explanation :
Components of a practice's accounting system typically include financial records like a daily log and disbursements journal, which track the daily financial transactions and expenses of the practice.
Learning Objectives
- Comprehend the significance and methodology of financial reporting and daily log upkeep in a medical office.
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