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Which of the following statements is NOT true with regard to bones of the skull?
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.
Asset Account
An account on a company's balance sheet representing resources owned by or owed to the company that have economic value.
Expense Account
An account used to record expenses in accounting, representing money spent or costs incurred in an entity's operations to generate revenues.
Closing Journal Entries
Entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, preparing the books for the next period.
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