Every Transaction

question 178

Multiple Choice

Every transaction:

• A)increases one account and decreases another account.
• B)has at least two effects on the basic accounting equation.
• C)affects only balance sheet accounts or only income statement accounts.
• D)is analyzed from the standpoint of the business owners.

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Definitions:

Patient

A person who is being treated or cared for by medical experts.

EHR System

An Electronic Health Record (EHR) system is a digital version of a patient's medical history, maintained by the provider over time, that includes patient information such as demographics, progress notes, medications, vital signs, past medical history, immunizations, laboratory data, and radiology reports.

Prescribing

The act of authorizing and advising the use of medical treatments, medications, or therapies by a healthcare professional.

Pharmacy

A location where prescription drugs are sold and advice on their safe use is provided; also refers to the branch of science concerned with the preparation, dispensing, and appropriate utilization of medication.