The money owed the dental practice is termed ____________.

Question

Quizplus · Accepted Answer

Accounts receivable refers to the money owed to a business by its clients or customers. This term specifically applies to money owed for services already provided, which is the case with a dental practice. Accounts payable (B) would refer to the practice's own debts to suppliers or vendors, not the debts owed to them by clients. Accounts due (C) is not a commonly used accounting term, and past-due accounts (D) would be a subset of accounts receivable and not the general term for money owed to the practice.

The Money Owed the Dental Practice Is Termed ____________