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Materials that can be magnetized are called ferromagnetic.
Cash Receipts Journal
A financial journal that records all cash transactions, including sales and received payments, entering a business.
Accounts Payable
Obligations of a company indicating funds due to lenders for products and services acquired through credit.
Sales Revenue
Revenue generated through the sale of products or offerings during a specific timeframe.
Other Accounts Column
A ledger or journal column reserved for transactions that do not fit into the standard categories of accounting entries.
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