When a patient has a credit balance, ____.

A) the account should be sent to a collection agency
B) a statement should be sent asking the patient to submit the balance
C) the practice can deduct the amount from the patient's account
D) the patient can be allowed to pay it at the next office visit
E) the practice owes the patient money

Credit Balance

The amount of money that a creditor owes to a debtor, reflecting payments exceeding charges on an account.

Collection Agency

A business that specializes in recovering unpaid debts on behalf of the original creditor.

Ledger Card

A ledger card is a physical or digital record used to track financial transactions and balances over time in accounting practices.