Medicare Does Not Approve the Use of Ambulatory Surgery Centers

question 8

True/False

Medicare does not approve the use of ambulatory surgery centers and refers all its patients to inpatient hospital ORs for procedures.

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Definitions:

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.

Drawing Account

An account used to record withdrawals of business assets by the owner for personal use, reducing the capital account.

Salary Expense

The cost incurred by a company for the payment of regular salaries to its employees.

Accrued Salaries

Salaries that have been incurred but not yet paid by the end of a financial period, representing a liability for the business.