Examlex
Which of the following statements correctly describes the first use of tools?
Journal Entry
A record in an accounting journal that captures the financial transactions of a business, showing debits and credits for each transaction.
Petty Cash Account
A modest sum of money maintained readily available for small, urgent costs.
Mail and Postage
The service and cost associated with sending documents and parcels through a postal system.
Missing Funds
Refers to money or assets that are unaccounted for due to error, theft, or fraud.
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