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Technician A says that if the oil pressure warning light is on, the oil pressure should be checked with a manual gauge. Technician B says that a faulty electrical circuit could cause the oil pressure warning light to come on even when the oil pressure is good. Which technician is correct?
Journal
A book or digital record where all financial transactions of a business are initially recorded before being transferred to specific accounts in the ledger.
Ledger Accounts
Reflects a record of all the financial transactions made by a company, summarized into different categories for reporting purposes.
Accounts Receivable
Amounts owed by customers to an enterprise for goods or services that have been dispatched but not yet reimbursed.
Expenses Account
An account where business expenses are recorded, showing the money spent on operations and services.
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