What happens to expenses once they are incurred by a dental practice?

Name: What happens to expenses once they are incurred by a dental practice?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Expenses are called overhead,which is the actual cost of doing business.As these expenses are incurred,they become accounts payable.
Net income is gross income minus expenses.
Disbursements are payments on any outstanding accounts payable.
Accounts receivable system refers to all money owed to the practice.

What Happens to Expenses Once They Are Incurred by a Dental