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Describe general transfer and provide an example of it.
Usefulness
Usefulness in a business context often refers to the degree to which information or data meets the needs of its users, enabling informed decision-making.
General Journal
A book or electronic record in accounting where transactions are entered before they are posted to individual accounts.
Cash Receipts Journal
A specialized accounting journal used to record all cash inflows or receipts into a business.
Sales Journal
A book or digital record used in accounting to record all sales transactions of a company.
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