Barb Is Completing a Report for the Hospital Governing Board

question 61

Multiple Choice

Barb is completing a report for the hospital governing board. The board wants to review the types and categories of patients treated. Barb should use which data to prepare the report?

• A) Case mix
• B) Coding
• C) Inpatient census
• D) Severity of illness scores

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Definitions:

Merchandising Transactions

Business activities related to the buying and selling of merchandise, which may involve inventory purchases, sales transactions, and the return of goods.

Journal Entries

Journal entries are the records of financial transactions in the accounting books, marking the initial step in the accounting cycle, detailing debits and credits.

Adjusted Trial Balance

An adjusted trial balance is a listing of all company accounts that will appear on the financial statements after year-end adjusting journal entries have been made.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, finalizing the books for the period.