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Which of the following statements is true?
Office Salaries Expense
An account that records the total salary expenses for office employees over a certain period.
Travel Expense
Costs associated with traveling for the purpose of conducting business, including transportation, lodging, and meals, which are often reimbursable by an employer.
Capital Expenditure Budget
The capital expenditure budget outlines planned investments in long-term assets, including equipment, property, and other significant infrastructure projects.
Minimum Cash Balance
The smallest amount of cash that a company decides to hold in its accounts to ensure liquidity and smooth operations.
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