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Which statement is NOT true of the pancreas?
Customer Accounts
Accounts maintained by a vendor detailing individual transactions with customers over a period, showing credits, debits, and balances.
Controlling Account
A general ledger account that summarizes and controls the balance of all subsidiary accounts related to it, typically used for accounts receivable and accounts payable.
Subsidiary Ledger
A detailed ledger containing individual accounts that support figures on the general ledger, often used for accounts receivable, accounts payable, etc.
Merchandise Inventory
Goods that a company owns and intends to sell as part of its primary business operations, valued either at cost or market value on the balance sheet.
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