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A ____ Exception occurs when the user enters data that a statement cannot properly handle.
Revenue Account
An account that tracks the income earned from normal business operations, such as sales of goods or services.
Sales Tax Payable
A liability account in a company's financial statements, representing sales tax collected from customers but not yet remitted to the government.
Sale
The exchange of a product or service for money, constituting the main operational activity for most businesses.
Liability Account
An accounting record that holds the amounts owed by a company to creditors, suppliers, or lenders.
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