A Subsidiary Ledger

question 61

Multiple Choice

A subsidiary ledger

• A)is used to record infrequent or non-routine transactions.
• B)simplifies the process of recoding large numbers of repetitive transactions.
• C)records all detailed data for any general ledger account that has individual sub-accounts.
• D)contains summary-level data for every account of the organization.

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Definitions:

ICD-9-CM

stands for International Classification of Diseases, Ninth Revision, Clinical Modification, a system used in healthcare to code and classify diagnoses and procedures.

Medicare Modernization Act

Legislation passed in 2003 that made significant changes to Medicare, including the addition of prescription drug benefits (Medicare Part D).

Revised Codes

Updated versions of codes, such as those used in diagnostic coding, billing, or standard classification systems, to reflect changes or corrections.

Primary Reason

The main or most significant cause or motive behind an action, event, or decision.