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7 Cards in this Set
- Front
- Back
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State the basic objective of accounting for services rendered to inpatients and outpatients.
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To make a prompt and accurate record
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Describe briefly how the amounts to be charged to inpatients for services rendered to them generally are determined.
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Obtained from a daily census report; mult. occupied rooms by established daily charges
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Describe briefly how the amounts to be charged to outpatients for services rendered to them generally are determined
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Same as above
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How often should postings be made from the inpatient and outpatient revenue journals?
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Daily postings should be made to maintain a current balance of each patient
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How often should postings be made from the cash receipts journal?
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Same as above
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On October 12, 20X1, Loud Hospital borrowed $50,000 from a
local bank by issuance of a 120-day, 9 % note. Explain how you would enter this transaction in the hospital's cash receipts journal. |
Cash-Gen Checking Account$50,000
Notes Payable$50,000 |
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What are some of the basic features of a good system of internal control over revenues and cash receipts?
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Limit petty cash
Record all cash Assign responsibility |
