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Day Time Company records the receipts from cash sales of $41,200 as $12,400.What adjustment is required in the bank's accounts?
Courts of Chancery
Courts that have jurisdiction over matters of equity, including trusts, land use, and the administration of estates, historically separate from courts of law.
Common Law
A legal system based on court precedents and customs, rather than codified written laws.
Civil Law
The system of law concerned with private relations between members of a community rather than criminal, military, or religious affairs.
Parliamentary Supremacy
The principle that Parliament has the highest legal authority within a jurisdiction, making laws that are not subject to judicial review or limitation by other bodies.
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