Which Type of Code Describes the Total Procedure or Service

question 32

Multiple Choice

Which type of code describes the total procedure or service that was performed?

• A) add-on code
• B) combination code
• C) code plus modifier -51
• D) stand-alone code

---

Definitions:

Managerial Accounting

The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions.

General-Purpose Reports

General-purpose reports are financial statements designed to meet the broad information needs of external users, such as shareholders and creditors, rather than tailored for specific managerial requirements.

Managerial Accounting

This branch of accounting focuses on providing information to managers within an organization to aid in decision-making and financial management.

Entity

In accounting and finance, an entity refers to any organization, company, or individual that has a distinct existence for legal or tax purposes.