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Payment Posting Assignment | Homework for You

Author:
June 11th, 2020

Payment posting is where the insurance company pays the claim that was submitted, and then once the facility receives payment, they can post the payment to the open accounts receivable. This posting:Homework For You

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A. reduces accounts receivable.
B. increases the cash account.
C. allows the biller to write off any nonpayment or short payment.
D. both reduces accounts receivable and increases the cash account.
E. None of these is correct.

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