Examlex
Which of the following is false?
Computerized Accounting System
An accounting system that utilizes software to record, store, and process financial transactions and data.
Month-end Postings
The journal entries made at the end of the month to record all transactions and adjustments for that month.
Financial Year
A period of twelve months used for accounting purposes and the preparation of financial statements, not necessarily aligning with the calendar year.
Cash Receipts Journal
A specialized accounting journal used to record all money that is received by a business.
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