Examlex
Which of the following is not one of the sections included in a typical business report?
Subsidiary Posting
The process of transferring details from the journal into subsidiary ledgers, which help in maintaining detailed information on individual account balances.
Cash Payments
Outflows of cash to settle obligations or purchase goods and services.
Equipment
Tangible property used in operations, such as machinery, computers, and furniture, which has a useful life longer than one fiscal period.
Accounts Payable
Liabilities or debts owed by a company to suppliers or creditors for goods or services purchased on credit.
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