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Which concept provides the original basis for maintaining confidentiality between patient and healthcare provider?
Receivables Basis
An accounting method that recognizes revenue when related receivables are actually or constructively received.
Allowance Account
A contra account related to accounts receivable that represents the estimate of receivables that are likely to be uncollectible.
Allowance Account
A contra-asset account used to estimate and offset losses from potentially uncollectible accounts receivable.
Debit Balance
An accounting entry that represents a situation where debits exceed credits in an account, indicative of assets or expenses.
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