Asked by Nikkie Espiritu on May 12, 2024
Verified
You should not accept a check that is:
A) marked "paid in full" and pays the account in full
B) a third-party check from an authorized insurance company
C) uncorrected and includes the seven components that make a check valid
D) written for more than the amount due so the patient can have some cash in hand
Third-Party Check
A check that is written by one person to another but is cashed or deposited by a third party.
Paid In Full
A term indicating that a debt or obligation has been completely settled and no balance remains due.
Uncorrected
Refers to something that has not been amended, fixed, or rectified.
- Recognize the various types of checks and their specific uses.
- Comprehend the procedures and importance of securely processing checks and cash.
Verified Answer
NF
Nguyen Flora GiaMay 17, 2024
Final Answer :
D
Explanation :
Accepting a check written for more than the amount due to provide cash back to the patient can lead to potential fraud or other financial discrepancies. Checks should only be accepted for the exact amount owed.
Learning Objectives
- Recognize the various types of checks and their specific uses.
- Comprehend the procedures and importance of securely processing checks and cash.