In a Unit Numbering System, Each Time a Patient Is

question 60

True/False

In a unit numbering system, each time a patient is admitted, he or she is assigned a new patient number, but the record is always filed under the original patient number assigned.

---

Definitions:

Gross Profit Rate

The ratio of gross profit to net sales, showing the percentage of revenue that exceeds the cost of goods sold.

Sales Returns and Allowances

Accounts that reduce the total gross sales revenue due to products being returned by customers or allowances for damaged goods.

Purchase Discounts

Reductions in price given by the seller to the buyer for early payment or for buying in bulk.

Freight-In

The cost associated with transporting goods into a business, usually included in the inventory cost of purchased goods.