Creating an Excel Worksheet Often Bridges the Gap Between Tables

question 94

True/False

Creating an Excel worksheet often bridges the gap between tables and simple databases.

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Definitions:

Cash Receipts Journal

A financial journal that records all cash inflows to the business, including sales, loan proceeds, and investment income.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary data source for the financial statements.

Accounts Receivable

Unpaid amounts by customers to a company for goods or services already rendered.

Cash Receipts Journal

A dedicated journal used to record all cash inflows or receipts of a business.