Examlex
Which of the following statements related to serum sickness is false
Journalized
The act of recording a transaction in an accounting journal, documenting the financial activities of a business.
Retained Earnings
Represents the portion of net income that is retained by the company rather than being distributed to its owners or shareholders.
Utilities Expense
An expense incurred by a business for basic utilities, such as electricity, gas, and water, which are necessary for operations.
Fees Earned
Revenue generated from providing services.
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