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Which One of the Following Statements Is NOT True

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Which one of the following statements is NOT true?


Definitions:

Systematic Recording

The organized and consistent documentation of data or observations according to a defined procedure or method.

Traveler's Checks

A form of preprinted, fixed-amount cheques used by travelers to safely carry money; they can be exchanged for local currency.

One-Write System

A type of accounting system that allows for data to be entered into ledgers and journals at the same time through the use of carbon paper or a similar method.

Accounting Forms

Documents used for recording financial transactions and maintaining accounting records.

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