Describe the Process of Triangulation

question 18

Essay

Describe the process of triangulation.

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Definitions:

Accounts

Recordings within financial accounting that track specific types of transactions, such as assets, liabilities, equity, expenses, and income.

Journal

A comprehensive record of all financial transactions of a business, listed in chronological order.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.

Transactions

Financial activities that involve the exchange of assets, services, or liabilities between two parties.