MindTap Medical Administrative Assistant (MAA) Practice Test

Question: 1 / 1185

A cash control sheet is used to record the total amount of _______ received by the practice in any given day.

cash, checks, and debit or credit card payments

The cash control sheet serves as a comprehensive record-keeping tool for a practice, allowing for the tracking of all types of payments received in a single day. The reason this answer is correct is that it encompasses the full range of payment methods that a practice might encounter in daily transactions. This includes cash, checks, and debit or credit card payments, reflecting the diverse ways patients may settle their bills.

Accurately recording all these payment types ensures the financial integrity of the practice, helps in maintaining balanced accounts, and aids in effective cash flow management. Utilizing a cash control sheet in this manner provides a complete financial picture for the day, making it easier to reconcile the amounts received against expected revenues. By capturing all methods of payment, practices can effectively monitor and manage their daily financial activities.

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checks

cash

debit or credit card payments

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