Describe Word and List Some of Its Features and Samponents

question 97

Essay

Describe Word and list some of its features and samponents.

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Definitions:

Medical Fees Earned

Medical Fees Earned refers to revenue generated by healthcare providers for services rendered to patients.

Permanent Account

An account in the general ledger that is not closed at the end of the accounting year, including accounts like asset, liability, and equity accounts.

Nominal Account

A temporary account that records transactions related to expenses, revenues, gains, and losses during an accounting period.

Zero Account

A banking or accounting term referring to an account that has a balance of zero, meaning it has no funds.