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Ch. 21 Financial Management

Teacher: SREvans
Across
____ of attorney is the legal right to act as the attorney or agent of another person, including handling that person's financial matters
_____ log, is also known as a general ledger, day sheet, or daily journal. this is used to chronological list of each patient's charges, any payments made on the account, and any adjustments on the account.
_____ check is a special bank check that allows a depositor to draw funds from his own account only, as when he has forgotten his checkbook.
A person who receives a payment
This is the systematic recording of business transactions.
This is a comparison of the office's financial records with bank records to ensure that they are consistent and accurate.
_____ check is a check that is void after a certain time limit; commonly used for payroll.
This is watching for changes in spending so as to help control expenses.
This is legally transferable from one person to another.
____ flow statement is a statement that shows the cash on hand at the beginning of a period, the income and disbursements made during the period.
_______ checks is a payer's check written and signed by the payer, which is stamped "certified": by the bank.
_______ check is a check purchased and signed at a bank and later signed over to a payee
Down
______ check is a business check with an attached stub, which is kept as a receipt.
_____-it once system is a manual book keeping system where the daily log has pre-punched holes on the right or left side of the log.
_____ order is a certified of guaranteed payment, which may be purchased from a bank, a post office, or some convenience stores.
The process of communicating the income and expenses of a business and its financial health
A person who pays a bill or writes a check.
This is a signature on the back of a check with the terms for accepting the check as payment.
_____ number is a fraction appearing in the upper-right corner of all printed checks that identifies the geographic area and specific bank on which the check is drawn.
This is the process of logging charges and receipts in a chronological list each day; used in the single-entry system of bookkeeping.
This is a bank draft or order written by a payer that directs the bank to pay a sum of money on demand to the payee
_____-party check is a health plan that agrees to carry the risk of paying for patient services.
________ check is a bank check issued by a bank on bank paper and signed by a bank representative; usually purchased by individuals who do not have checking accounts.
These are returned checks that the patient's check does not clear due to non-sufficient funds in their banking account.