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Which of the following statements is true?
Treasury Bills
Short-term government securities issued at a discount from the face value and mature in a year or less, offering a secure, low-risk investment option.
Petty Cash Fund
A little bit of readily available money intended for covering small costs.
General Journal Entry
A record in the general journal that documents financial transactions, including date, accounts affected, amounts, and description.
Transportation-In
Costs associated with bringing inventory to its current location and condition, typically considered part of inventory costs.
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