Examlex
Which of the following statements is not correct?
Accounts Receivable
Monies owed to a company by customers for sales made on credit that are recorded as assets on the balance sheet.
General Journal
A foundational accounting record that keeps chronological entries of a company's transactions.
T-Accounts
A visual representation used in accounting to depict the debits and credits for each financial transaction affecting a particular account.
T-Accounts
T-Accounts are a form of accounting ledger that visually represents the debits and credits of financial transactions for each account in double-entry bookkeeping.
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