Examlex
Which of the following statements is FALSE?
Cash Payments Journal
A financial journal that records all cash outflows or payments made by a business, including expenses, debt payments, and purchases.
Credit To Cash
A transaction in accounting where a credit sale is paid off, converting receivables into cash.
Accounts Payable
Liabilities of a business that represent money owed to suppliers or creditors for goods and services received.
Accounts Payable Subsidiary Ledger
A detailed record used to track amounts owed to suppliers or creditors separate from the general ledger.
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