With Respect to Recording and Reporting,as a Personal Care Provider,you

question 12

Multiple Choice

With respect to recording and reporting,as a personal care provider,you should:

• A)be sure your handwriting is neat and legible
• B)write each activity down at the end of the day
• C)it is best to rely on your memory
• D)you don not usually document on your client

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Definitions:

Supplies on Account

Supplies purchased by a company on credit, for which payment will be made at a later date, increasing accounts payable.

Historical Cost

The original monetary value of an asset or liability, recorded at the time of its acquisition or incurrence.

Fair Values

The estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

European Companies

Firms based in one of the countries in Europe, subject to the region's regulatory, economic, and market conditions.