Once expenses are incurred by a dental practice,they become:

Name: Once expenses are incurred by a dental practice,they become:
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Expenses incurred but not yet paid for by the dental practice are considered accounts payable. This is a liability on the practice's balance sheet until the payment is made. Net income refers to the profit made by the practice, disbursements are funds paid out by the practice, and accounts receivable refer to payments due to the practice from patients or insurance companies.

Once Expenses Are Incurred by a Dental Practice,they Become