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Which statement below is false?
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Credit Sales
Sales of goods or services where the payment is delayed as per agreed terms, instead of requiring immediate payment.
Cash Receipts
Cash receipts are the total amount of money, including cash and checks, received by a business during a specific period from transactions.
Production Budget
An estimation of the costs associated with the production processes of a company, detailing the required resources and their expected costs.
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