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The Three Primary Forms of Providing Service Are

question 31

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The three primary forms of providing service are:


Definitions:

Collection Agency

An enterprise that seeks to collect payments from individuals or businesses on outstanding debts.

Pegboard System

A bookkeeping system that uses a lightweight board with pegs on which forms can be stacked, allowing each transaction to be entered and recorded on four different bookkeeping forms at once; also called the one-write system.

Superbill

An itemized form used by healthcare providers for reflecting rendered services, used for insurance or patient billing.

Double-Entry Bookkeeping

A system of accounting in which every transaction affects both debit and credit accounts and maintains the balance of the accounting equation.

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