Nationally Registered Certified Medical Assistant (NRCMA) (NAHP) Practice Exam

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Study for the Nationally Registered Certified Medical Assistant Exam. Prepare with interactive quizzes and multiple-choice questions that come with helpful hints and explanations. Get ready to earn your certification with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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The purpose of aging accounts receivable is?

  1. To track the profitability of the practice

  2. To calculate taxes owed

  3. To identify past due accounts for collections

  4. To monitor day-to-day expenses

The correct answer is: To identify past due accounts for collections

Aging accounts receivable is the process of categorizing and organizing all the accounts receivable in a business, according to the amount of time they have been outstanding. It helps businesses to track and monitor the time it takes for customers to pay their bills and identify any past due accounts that require further actions, such as collections. Options A, B, and D are incorrect as they do not directly relate to the purpose of aging accounts receivable. Tracking profitability, calculating taxes, and monitoring expenses are important aspects of managing a business, but they are not the main purpose of aging accounts receivable.