What Is the Appropriate Account to Debit When Reducing Net

question 53

Multiple Choice

What is the appropriate account to debit when reducing net patient service revenue as a result of arrangements with third party payors?

• A) Contractual Adjustments.
• B) Allowance for uncollectible and reduced accounts.
• C) Patient Service Revenues.
• D) Account Receivable-Patients.
• E) Accounts Receivable-Third Party.

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Definitions:

Mass Extinction

A significant and rapid decrease in the diversity and abundance of life on Earth, often due to catastrophic events.

Natural Process

A sequence of events or phenomena that occurs in the natural world without human intervention.

Extinctions

The permanent and irreversible loss of species from Earth, often due to environmental changes, natural disasters, or human activities.

Desertification

The conversion of lush, fertile ground into desolate deserts, commonly triggered by lack of rain, cutting down forests, or faulty agricultural techniques.