Examlex
Which of the following is NOT a provision of the Fair Labor Standards Act of 1938?
Chart of Accounts
An organized list of all accounts used in the general ledger of an organization, serving as the foundation for its accounting system.
Transposition Error
A mistake made by reversing two digits when recording data, often leading to discrepancies in financial documentation.
Trial Balance
A financial worksheet that gathers the balances from all ledgers into columns for debits and credits, ensuring both totals match.
Debit Totals
The sum of all debit entries made in a company's accounting records during a specific period.
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