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Which of the following activities is NOT a step being taken to reduce health care costs?
General Ledger
The primary accounting record of all financial transactions of a company, organized by accounts, used to prepare financial statements.
Owner Withdraws
Transactions where the owner of a sole proprietorship takes out cash or other assets from the business for personal use.
General Journal
A comprehensive record where all financial transactions of a business are originally entered before being transferred to specific accounts in the general ledger.
Cash Payments Journal
A financial journal that records all cash payments or outflows of a business.
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