Generally Accepted Accounting Principles Have Identified Four Types of Accounting

question 12

Essay

Generally accepted accounting principles have identified four types of accounting changes and two possible methods to use in accounting for these changes, as follows:



Required:
Following is a list of errors and changes. In the spaces provided, use the appropriate symbols selected from the above lists to indicate the type of change and how the change should be treated in the financial statements.

---

Definitions:

Patient's Bill of Rights

A list of guarantees for those receiving medical care that ensures patients are treated with respect, given information about their care, and have their privacy protected, among other rights.

Administrative Medical Assistant

A medical assistant who primarily performs administrative duties such as scheduling appointments, billing, and maintaining medical records.

Reception Area

A space inside or near the entrance of a building where visitors are greeted and wait to be attended to, often found in offices, hotels, and healthcare facilities.