Examlex
Which statement is incorrect?
General Ledger
A comprehensive record of all financial transactions within a company, used to compile financial statements.
Pay Period
The time frame over which an employee's work hours are recorded and for which they are compensated.
Employee Earnings Record
A record that keeps track of all wages, salaries, bonuses, and other forms of compensation paid to an employee.
Calendar Year
A period of one year that begins on January 1 and ends on December 31, used in most of the world as the primary timeframe for organizing a schedule of events.
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