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Most courts have ruled that the typical reader or listener or viewer can't distinguish between factual assertions and opinion statements.
General Ledger
A comprehensive set of accounts that records all transactions of a company, categorized into assets, liabilities, equity, revenue, and expenses.
Sales Return
Goods returned by the customer to the seller for a refund or credit due to reasons like defects or dissatisfaction.
General Journal
A comprehensive ledger that records all the day-to-day financial transactions of a business.
Accounts Payable
Liabilities of a business that represent amounts owed to creditors for goods and services purchased on credit.
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