Examlex
Which statement about aging is incorrect?
Credit
An entry on the right side of a double-entry bookkeeping system that increases liabilities and equity or decreases an asset or expense.
Cash Received
The amount of money received by a company during a period from various sources including operations, investments, and financing.
Customer
An individual or entity that purchases goods or services from a business, essential for the revenue-generating activities of the company.
Revenue
The overall sum of revenue produced from selling goods or providing services tied to a business's core activities.
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