Asked by Aimee Lipscomb on Apr 29, 2024
Verified
Deduct the amount of the check from the medical office's checking account balance
A) nonsufficient funds check
B) collection agency transaction
C) credit balance
D) third party
Nonsufficient Funds Check
A check that cannot be processed because the account on which it is drawn does not have enough funds.
- Detail the operations and impacts of changes made to patient accounts.
Verified Answer
JB
Joycelynn BanksMay 02, 2024
Final Answer :
A
Explanation :
A nonsufficient funds (NSF) check is a check that cannot be processed because the account it is drawn on does not have enough funds. When a medical office receives an NSF check, the amount of the check must be deducted from the office's checking account balance, as the expected funds are not available.
Learning Objectives
- Detail the operations and impacts of changes made to patient accounts.
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