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Which of the following statements is false?
Purchases Journal
An accounting record where all purchases of merchandise, inventory, and other supplies on credit are recorded, excluding cash purchases.
Cash Payments Journal
A journal used in accounting to record all cash outflows or payments made by a company.
Revenue Journal
A specialized accounting journal used to record the sales of services or goods on credit, highlighting the revenue aspect of transactions.
Fees Earned
Revenue generated by a company through the provision of services.
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