Define the Following Terms

question 5

Short Answer

Define the following terms:
-intermittent surveillance

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Definitions:

Posting Process

The act of transferring entries from the journal to the respective ledger accounts to keep financial records accurate and up-to-date.

Wrong Amount

Errors in financial transactions that result in the recording of inaccurate figures in accounting systems.

Trial Balance

A trial balance is a bookkeeping report that lists the balances of all ledgers in two columns, debits, and credits, ensuring that total debits equal total credits.

Journalizing

The process of recording transactions in a company's journal, marking the first step in the accounting cycle.