Examlex
Which of the following statements regarding retained earnings is not true?
Sales Order
A document created by a seller upon the receipt of an order from a customer, detailing the products or services ordered and the terms of the sale.
Supplies Inventory
The stock of necessary supplies and materials held by a business for its daily operations or production activities.
Accounts Receivable Balances
Amounts of money owed to a company by customers for goods or services provided on credit.
QuickBooks Data File
Files created by QuickBooks software to store various types of business and financial information, crucial for generating reports, managing invoices, and other accounting tasks.
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