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In a Short Essay,describe the Uses of Scanner Data and List

question 14

Essay

In a short essay,describe the uses of scanner data and list at least three advantages and three disadvantages of using scanner data.


Definitions:

Fraud

A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Trial Balance

A bookkeeping report that lists the balances in each general ledger account at a specific time, ensuring that debits equal credits.

Individual Accounts

Financial accounts that are owned by a single individual, as opposed to joint accounts owned by multiple parties.

Standard Account Forms

Preset document templates for financial transactions and accounts record-keeping.

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