What provides information about how much revenue was generated and the amount of resources
used to generate those resources?
What represents the costs that are incurred in the day to day operation of the business?
What represents the difference between unrestricted revenues, gains and other support and
Which represents the assets, liabilities and net assets for a health care provider?
To find the book value of the fixed asset, the accumulated depreciation is added in the amount of
properties and equipment.
______________ is the contra-asset to properties and equipment and the allowance for
uncollectable, which is the contra-asset to accounts receivables.
An asset that, when increased, decreases the value of a related asset on the books is called:
Under accrual basis of accounting, revenues are recognized when earned.
The rules to record a transaction under the accrual basis of accounting includes:
Which of the following is NOT the disadvantage of accrual basis of accounting?