The following transactions occurred during the year in the records of Quality Medical Clinic:
(a) Billed patients for fees for medical services.
1. No effect
2. No effect
(b) Received payment from patients for accounts received.
1. Increase
2. Increase
(c) Bought equipment which will last ten years.
1. Decrease
2. Decrease
(d) Paid wages to employees.
1. Decrease
2. Decrease
(e) Bought supplies on credit.
1. Increase
2. No effect
(f) Paid electricity bill.
1. Decrease
2. Decrease
(g) Replaced chairs in the waiting room.
1. Decrease
2. Decrease
(h) Billed the government direct for pensioner patients.
1. No effect
2. No effect
(i) Paid insurance in advance for the next year.
1. Decrease
2. No effect
(j) Used bandages and other supplies.
1. Decrease
2. Increase
Required:
Indicate the effect (increase, decrease or no effect) on net (1) cash flow and (2) operating profit
2007-09-26
14:03:55
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1 answers
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asked by
SHINOBI
1
in
Business & Finance
➔ Other - Business & Finance