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Which of the following is a disadvantage of the matrix design?
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.
Accounting System
A systematic process of recording, summarizing, and reporting the financial transactions of a business or individual.
Saved Documents
Files that have been stored digitally or physically for future reference or record-keeping purposes.
Audit Trail
A record that traces the detailed history of financial transactions to verify their accuracy and integrity.
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