A(n) _____________________ Is One Who Has Received Professional Services from the Physician

question 32

Multiple Choice

A(n) _____________________ is one who has received professional services from the physician, qualified healthcare professional, or another physician or qualified healthcare professional of the same specialty and subspecialty who belongs to the same group practice, within the past three years.

• A) new patient
• B) established patient
• C) transfer patient
• D) None of these is correct.

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, preparing the company's books for the next period.

Net Sales

The sum a company receives from its sales, after accounting for returns, compensations for damaged or missing items, and discount deductions.

Gross Profit

The difference between the revenue from sales and the cost of goods sold, before deducting overheads, interest, and taxes.