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Which comment would have most likely come from a concrete operational thinker?
General Ledger Accounting Systems
Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.
Cash Receipts
The collection of money (cash, checks, wire transfers) by a business during a given period, often recorded in the cash receipts journal.
Disbursements
Payments made by a business, including amounts paid out for expenses, through methods like checks or electronic transfers.
Accounts Receivable
This represents money owed to a company by its customers for goods or services provided on credit.
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