Examlex
Which of the following statements is false?
Cash Receipts Journal
A specialized accounting journal used to record all receipts of cash.
Equality
In financial terms, refers to the state where two values, amounts, or figures are of the same value or balance each other out.
One-Column Purchases Journal
A simplified accounting ledger that records only the purchases of goods and services in a single column, typically for small businesses or specific types of transactions.
General Ledger
The primary accounting record of a company that contains all the account balances needed to prepare financial statements.
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