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All of the following is true about the "Cedars of Lebanon",except:
Accounts Payable
Liabilities of a business that represent amounts owed to creditors for goods and services purchased on credit.
Cash Account
An account that records all transactions involving cash inflows and outflows.
Cash Payments
Transactions where payment for goods, services, or obligations is made using physical currency or checks instead of digital means.
Collections
The act of receiving payments for bills or accounts receivable, often referring to efforts made to gather overdue payments.
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