In Regard to the RBRVS System, the Time It Takes

question 40

Multiple Choice

In regard to the RBRVS system, the time it takes to perform a service is considered to be part of the:

• A) provider's work.
• B) practice expense.
• C) time factor.
• D) staff expense.

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Definitions:

Journal

A record where all financial transactions of a business are initially noted before they are transferred to ledger accounts.

Ledger

A comprehensive collection of a company's accounts, documenting all transactions and financial results.

Chart of Accounts

An organized list of all accounts in the general ledger of a company, each with a unique account number, used for recording transactions and preparing financial statements.

Book of Original Entry

A preliminary accounting record where transactions are first recorded; also known as a journal.