Which of the Following Entries Records the Receipt of Cash

question 24

Multiple Choice

Which of the following entries records the receipt of cash from patients on account?

• A) Accounts Payable, debit; Fees Earned, credit
• B) Accounts Receivable, debit; Fees Earned, credit
• C) Accounts Receivable, debit; Cash, credit
• D) Cash, debit; Accounts Receivable, credit

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Definitions:

Repeating Decimal

A decimal in which one or more digits after the decimal point are repeated infinitely.

Percent Equivalent

A value expressed as a percentage that represents the proportion or ratio of two numbers in relation to each other.

Four-Figure Accuracy

A level of precision in numerical computation where the result is rounded to four significant digits.

Five-Figure Accuracy

Describes precision to five significant digits in numerical representation, ensuring a high degree of accuracy in calculations or measurements.