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Suppose the client needs evening appointments,but the clinician works only during the day.This means:
Accounts Payable
Liabilities of a business that are due to be paid to creditors within a short period of time, typically one year.
Supplies Expense
This refers to the cost recorded for supplies used during an accounting period, not necessarily when they were purchased.
Operating Income
Income generated from normal business operations, calculated by subtracting operating expenses from the gross profit.
Cash Account
An account that represents the amount of liquid assets or cash available to an individual or company.
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