Examlex
Which of the following statements is false?
Source Document
An original record or document that contains the details of a business transaction, used as the basis for recording and validating financial data.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's bookkeeping system is mathematically correct.
Credit
An accounting entry that increases liabilities or equity or decreases an asset or expense. Opposite of a debit.
Ledger
A comprehensive collection of a company's accounts that records all financial transactions.
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