Examlex

Solved

What Is the Name of a General Control Technique Used

question 48

Multiple Choice

What is the name of a general control technique used to ensure that entered data is correct?​


Definitions:

Cycle Closing

The process of completing a cycle or period, especially in financial contexts, marking the end of an accounting or billing period.

Finance Charge

The total cost of borrowing, including interest along with other charges like service fees or transaction fees.

Previous Balance

The amount of money in an account at the beginning of a new statement period, before any new transactions have been added.

Cycle Closing

The process of finalizing all transactions within a billing cycle for financial accounts.

Related Questions