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An Astronomer, Examining Two Photographs of a Small Area of Sky

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An astronomer, examining two photographs of a small area of sky taken 20 years apart, notices that some of the stars have moved slightly across the sky, relative to most of the other stars in the photographs. This displacement of the stars across the sky is an example of


Definitions:

Balance Errors

Mistakes in the accounting process that lead to discrepancies in the trial balance, often requiring adjustments to correct.

Trial Balance

A financial document showing the amounts held in each of a company's main accounting records at a certain date.

Chart of Accounts

A systematic list of all ledger account titles and numbers used by a company, organized to support the compilation of financial statements.

Miscellaneous Expense

Small and infrequent costs that do not fit into other specific expense categories in a company's financial statements.

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