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Which of the following is true about loose cultures?
Sales Journal
A specialized accounting journal used to record all sales of merchandise on credit.
Cash Sales
Cash sales are transactions where payment is made immediately in cash or through electronic means at the time of purchase, without extending credit.
Credit Sales
Sales made by a business where payment is delayed, as opposed to cash sales where payment is immediate.
Cash Receipts Journal
An accounting ledger that tracks all cash inflows or receipts of a business over a period.
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