Examlex
Which of the following statements is not correct?
Accounts Receivable
Funds that customers owe to a company for products or services provided but not yet compensated for.
Accounts Payable
Money owed by a company to its creditors for goods or services that have been received but not yet paid for.
Cash
Money in the form of coins or banknotes, especially that which is available for transactions and accounting purposes.
Office Supplies
Items used in offices by businesses and other organizations for writing, printing, filing, and performing other tasks.
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