The Group Practice's Policy Is That for Every Seven Physicians

question 1

Multiple Choice

The group practice's policy is that for every seven physicians in the group, there should be two medical assistants (MAs) . If there are 15 physicians in the group, how many MAs should the practice employ?

• A) two medical assistants
• B) three medical assistants
• C) four medical assistants
• D) five medical assistants

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Definitions:

Chart Of Accounts

An organized list of all accounts in a business entity's financial statements, used to classify and record financial transactions.

Debit And Credit

Accounting terms representing increases or decreases in accounts, used to record transactions in the double-entry bookkeeping system.

Trial Balance

A financial statement that checks the balance of all debit and credit entries in a company's accounting ledger to ensure accuracy.

Ledger Accounts

Individual records that provide in detail the transactions associated with a company's assets, liabilities, equity, revenue, and expenses.