Asked by Andrea Swanson on May 16, 2024

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This system,in its most basic form,is similar to a checkbook register

A) electronic health records software
B) pegboard system
C) cash control sheet
D) trial balance
E) assets
F) single-entry bookkeeping system
G) double-entry bookkeeping system
H) fully integrated ledger system
I) garbage in,garbage out
J) cost estimate sheet
K) office policy
L) professional discount

Single-Entry Bookkeeping System

An accounting method in which each financial transaction is recorded only once in account books; similar to a checkbook register; the journal for each transaction is recorded in one column, or on a single line, to account for either a positive or negative amount to demonstrate the receipt or disbursement of cash.

Checkbook Register

A record of all deposits, withdrawals, checks, and transactions made through a checking account.

Cash Control Sheet

A financial document used to track the inflow and outflow of cash within a business to ensure accurate accounting and prevent fraud.

  • Acquire knowledge of the diverse systems of accounting and bookkeeping utilized in medical settings.
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HF
Hannah FrascaMay 18, 2024
Final Answer :
F
Explanation :
The single-entry bookkeeping system, in its most basic form, is akin to maintaining a checkbook register, where each transaction is recorded only once, either as an income or an expense, which makes it similar to how one would keep track of checks and deposits in a checkbook.