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Which of the following statements a) , b) or c) is false?
Journal Entry
A record in the accounting books that denotes a transaction or financial event.
Life Insurance Policy
A contract between an insurance policyholder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.
Journal Entry
A record in accounting that notes a specific financial transaction in the books, involving a debit and a credit.
Sacred Church
A holy and revered institution or place of worship affiliated with a particular religion or belief system.
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