Examlex
Select the letter of the correct answer for each of the following questions. Check the following paragraph for unity. Then select the number of the sentence that does not belong in the paragraph.
(1) At Paradise Produce, attractive displays of fruit and vegetables caught my eye. (2) On the left, oranges, lemons, and apples were stacked in neat pyramids. (3) In the center of the store, baskets of ripe peaches, plums, and raspberries were grouped in a kind of still life. (4) Many nutritionists believe that berries help prevent certain diseases. (5) On the right, the leafy green vegetables had been arranged according to intensity of color: dark green spinach, then romaine lettuce and parsley, next the lighter iceberg lettuce, and finally the nearly white Chinese cabbage. (6) On the wall above the greens hung braided ropes of garlic.
Cash Balance
The amount of cash a company has available at any point in time, as reflected in its financial statements.
Timing Differences
Discrepancies between the timing of cash flows and the recognition of revenues and expenses in accounting records.
Recording Error
Mistakes made during the accounting process of recording financial transactions.
Journal
The initial record in which the effects of a transaction are recorded.
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