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Which of the following statements about normalization is false?
Invoice Approval Form
A document used to approve invoices for payment, ensuring the goods or services billed have been received and are satisfactory.
Perpetual Inventory System
An inventory accounting system that records goods and materials purchased and sold in real-time through the use of computerized point-of-sale systems and enterprise asset management software.
Merchandise Inventory
Items that a business possesses with the intention of selling them to consumers.
Accounts Payable
Amounts a company owes to creditors for goods or services that have been bought on credit and are payable within a specified period.
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