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Provide an appropriate response.
-Classify the statement as an example of classical probability, empirical probability, or subjective probability. The probability that a train will be in an accident on a specific route is 1%.
Creditors
Individuals or entities to whom money is owed by the business or individual for goods or services that have been delivered or used but not yet paid for.
Special Journal
A specialized accounting journal designed to record a specific type of transaction consistently, such as sales or purchases.
Electronic Accounting System
Computerized systems used for tracking and managing financial transactions and accounts.
General Ledger Accounting Systems
Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.
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