Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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Which ANSI ASC X12 transaction set corresponds with Remittance Advice?

ANSI ASC X12.835
ANSI ASC X12.521
ANSI ASC X12.823
ANSI ASC X12.820

The correct answer is: ANSI ASC X12.835

The ANSI ASC X12.835 transaction set corresponds specifically to Remittance Advice. This set is used to convey payment detail related to a claim or invoice, providing information about what was paid, what is being denied, and any adjustments made. It plays a crucial role in financial transactions, especially in healthcare, by detailing financial information sent from a payer to a provider or supplier. The Remittance Advice includes information about the amounts owed, codes for adjustments, and any necessary remarks that might help the receiver understand the payment context or reason for denial. This level of detail is essential for maintaining transparency and facilitating the reconciliation process for both payers and recipients. Other transaction sets do not serve this specific function for remittance advice but instead focus on other aspects of data exchange in a business environment.