Examlex
Which of the following statements is not true about system testing controls in the construction phase of the systems life cycle?
Special Journal
A specialized accounting journal designated for the recording of specific types of transactions, such as sales or purchases, to increase efficiency and organization.
General Journal
A primary accounting record used for recording all types of financial transactions, providing a chronological record of all business activities.
Personal Withdrawal
It refers to the money taken out of a business by its owner(s) for personal use, often considered as a draw against the owner's equity.
Post. Ref.
An abbreviation for "posting reference," used in accounting ledgers to indicate the connection or correlation between journal entries and the accounts they affect.
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