This Information Provides a Narrative Name of the Services Provided

question 1562

Multiple Choice

This information provides a narrative name of the services provided. This information should be presented in a clear concise manner. When possible, the narratives from the HCPCS/CPT book should be utilized.

• A) general ledger key
• B) charge code
• C) item description
• D) revenue code

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Definitions:

Operating Expenses

The costs of running your business, including your rent, utilities, administration, marketing/advertising, employee salaries, and so on.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Short-Term Portion of Long-Term Debt

The part of a company's long-term debt that is due to be paid within the following twelve months.

5-Year Bank Loan

A financial agreement where a bank lends money to a borrower, to be repaid with interest over a period of five years.