____________________ Is the Process of Comparing Data with a Set

question 127

Short Answer

____________________ is the process of comparing data with a set of rules or values to find out if the data is correct.

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Definitions:

Notes Payable

A liability in a company's balance sheet that records amounts the company owes because it borrowed money, or a formal written agreement to pay a specific amount in the future.

Maturity Value

The amount of the note that is due on the date of maturity (Principal + Interest).

Principal Amount

The original sum of money borrowed in a loan, or the original investment in a financial instrument, before interest.