Examlex
Which statement is TRUE?
Source Documents
Original records that contain the details of a business transaction, such as invoices, receipts, and contracts.
Ledger Accounts
Accounts recorded in a ledger, representing a record of the financial transactions by type, whether it's assets, liabilities, equity, income, or expenses.
Cash Distribution
The payment of earnings or capital to shareholders, partners, or owners in the form of cash.
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts in two columns, debit and credit, ensuring that the total debits equal total credits.
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