Mod C Med Term Week 1

The legal right to act as the attorney or agent of another person, including handling that person’s financial matters.

The systematic recording of business transactions.

A special bank check that allows a depositor to draw funds from his own account, as when he has forgotten his checkbook.

Signature on the back of a check with the terms for accepting the check as payment.

A comparison of the office’s financial records with bank records to ensure they are consistent and accurate;

A certificate of guaranteed payment, which may be purchased from a bank, a post office, or some convenience store.

A bank check issued by a bank on bank paper and signed by a bank representative;

The system of recording and summarizing business & financial transactions and anlyzng, verfyng, & reporting the results

The original record of services performed for a patient and the charges for those services.

A fraction appearing in the upper-right hand corner of all printed checks that identifies the geographic area and bank

A payer’s check written and signed by the payer, which is stamped “certified “by the bank.

Date of Service

A statement that shows the cash on hand at the beginning of a period, the income & disbursements made during the period

A business check with an attached stub, which is kept as a receipt.

A check purchased and signed at a bank and later signed over to a payee.

process of logging charges & receipts in a chronological list each day; used in the signal entry system of bookkeeping.

Cash kept on hand in the office for small purchases

A bank draft or order written by a payer that directs the bank to pay a sum of money on demand to the payee.

Watching for changes in spending so as to help control expenses.

A person who receives a payment.

A person who pays a bill or writes a check.

Legally transferable from one person to another.

A manual bookkeeping system where the daily log has prepunched holes on the right or left side of the log.

A check made out to one recipient & given in payment to another, as one made out to patient & not the medical practice.

A check that is void after a certain time limit; commonly used for payroll.