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Which of the following statements about enzyme function is true?
Supplies
Materials and items that are used in the day-to-day operations of a business, not directly tied to a finished product.
Liability
A financial obligation or debt that an entity owes to another party, which is expected to be paid in the future.
Unearned Revenue
Money received by a company for goods or services yet to be provided, recognized as a liability until the service or product is delivered.
General Journal
The general journal is a primary accounting record used to document all business transactions in chronological order, detailing debits and credits for each entry.
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