Examlex
Which of the following is NOT a benefit of form reports?
Financial Records
Documented information of a business's operations, including income, expenses, assets, and liabilities, used to track financial performance.
Bank Statement
A document or report issued by a bank summarizing transactions in an account holder's account over a specific period.
Deposits
Funds placed into a bank account or towards the purchase of an asset, representing a liability for the bank or a commitment by the buyer.
Liability
A financial obligation or debt owed by a company to another entity, which must be settled in the future through the transfer of assets or services.
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