To Verify Transactions,accountants Use Two Mirror-Image Processes: Vouching and Tracing

question 17

True/False

To verify transactions,accountants use two mirror-image processes: vouching and tracing.Tracing is a process where the accountant begins with an item of original data and checks out all the activity that has occurred from beginning to end to make sure it has been properly recorded throughout the bookkeeping process.

---

Definitions:

First Serve

A tennis term referring to the initial strike of the ball to start play in each point.

Probability

Refers to the measure of the chance that a specific event will occur, quantified as a number between 0 and 1, where 1 indicates certainty.

Tennis Player

An athlete who plays tennis, either professionally or as an amateur.

Dissatisfied

The feeling of not being content or pleased with an outcome, service, or product.