What is a card or record that shows a financial account of money charged, received, or paid out?

Study for the DHO Health Science Test. Hone your skills with engaging flashcards and multiple-choice questions. Each question is followed by hints and explanations to help you excel. Get exam-ready now!

The correct answer is a ledger card. A ledger card is specifically designed to keep detailed records of financial transactions related to an account. It logs money charged, received, or paid out, thereby providing an ongoing account balance summary. This makes it an essential tool for tracking financial activity over time, particularly in contexts such as healthcare practices where managing patient accounts is crucial.

In contrast, an invoice is typically a request for payment for goods or services rendered, not a record of transactions over time. A statement, while similar to a ledger card, usually summarizes account activity over a specific period and provides a snapshot of the account balance but may not detail each transaction as thoroughly as a ledger card. A receipt, on the other hand, is proof of a specific transaction that has already occurred, confirming the exchange of goods or services. Thus, a ledger card uniquely fits the definition of a continuous financial record of an account.

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