Examlex
Which one of the following statements about hypotheses is INCORRECT?
Ledger
A book or collection of financial accounts where financial transactions are recorded.
Cash Payment
A transaction where a payment is made using physical currency or through electronic funds transfer, directly settling an obligation.
Cash Account
An account that records cash transactions, including cash received and disbursed, maintained by a company to keep track of its liquid assets.
Recorded
This term signifies the process of documenting transactions and events in the accounting records of a business.
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