Match Each Term with Its Definition

question 5

Multiple Choice

Match each term with its definition.
-Computer terminology for a patient ledger

• A)patient account statements
• B)outsourcing
• C)monthly billing
• D)cycle billing
• E)practice management software (PMS) system
• F)electronic medical record (EMR) system
• G)account history
• H)deleted transactions
• I)patient payments
• J)aging of accounts

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Definitions:

Circuit Prep Department

A specific division within a manufacturing or processing facility focused on preparing components for assembly or processing circuits.

Equivalent Units

A concept used in cost accounting to represent a portion of the work-in-progress inventory as a completed unit, facilitating easier calculation of unit costs during a period.

FIFO Method

A inventory valuation method that assumes the first items placed in inventory are the first ones sold.

Process Costing

Process costing is a cost accounting method used for homogeneous products, where the costs are assigned to batches of products instead of individual units.