The Receivable That Is Usually Evidenced by a Formal Instrument

question 60

Multiple Choice

The receivable that is usually evidenced by a formal instrument of credit is a(n)

• A)trade receivable.
• B)note receivable.
• C)account receivable.
• D)income tax receivable.

---

Definitions:

Anesthetic

A substance used to induce insensitivity to pain, typically during surgical procedures.

Scrub

(1) Claim scrubbing ensures that claims are correctly coded before being sent to the insurance company, which reduces denials and increases payments to the practice; (2) Specific and thorough hand-washing procedure performed for six minutes before taking part in any sterile surgical procedure.

Hand Washing

The act of cleansing the hands with soap and water or sanitizer to remove dirt, pathogens, or other substances.

Surgical Procedure

A medical intervention involving an incision with instruments performed to repair damage or arrest disease in a living body.