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All of the Following Are Considered Part of the Continental

question 11

Multiple Choice

All of the following are considered part of the continental margin except the:


Definitions:

Sales Discount

A reduction given by a seller for prompt payment of a credit sale.

Cash Receipts Journal

A specialized accounting journal used to keep track of all cash inflows or receipts from various sources.

Entry

A record in an account that documents a financial transaction in bookkeeping.

Special Journals

Customized accounting journals used for recording specific types of transactions that occur frequently.

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