Accounting Principles

1. Assume that a nursing home balance sheet shows total assets of $20 million and total liabilities of $17 million. Can the fund balance be determined with any degree of certainty? Why or why not? If so, what is it?
2. On June 30, payroll of $10,000 was paid to the organization's employees. What accounts would probably be affected by the journal entry on that date? On July 5, it was noted that $2000 of labor was charged to the nursing department in error and should have been charged to radiology. Should the organization bother making a journal entry to correct the error? Why or why not?
3. Why is accounting important for health care organizations?
4. Is it appropriate for health care organizations to make a profit?
5. Is it reasonable to assume that the numbers reported on financial statements will be precisely accurate?
6.Why is there a strong focus on liquid assets?
7. Who can restrict the use of the organization's assets? Who can remove restrictions?

8. What is the difference between charity care and a bad debt?

Get instant answers now at a 30% discount


Accounting principles, this post is really helping and all the things about the accounting is well described that how to introduce this and all the points are well described. Accounting is a thing which works in every field of work but you can check best dissertation to manage your essay work. I really liked this.

This comment has been removed by the author.

Pet doctors are often involved in public health initiatives, helping to control the spread of Pet doctor zoonotic diseases and protect both animals and humans.

Owning a pet is a lifelong commitment. They become part of the family, providing Good clinic pet clinic constant companionship throughout the years.