Examlex
An auditor using audit software would probably be least interested in which of the following fields in a computerised perpetual inventory file?
Compounding
A method in which an investment's worth grows over time as the returns, including both capital gains and interest, accumulate interest.
Compound Interest
The practice of charging interest on the principle amount along with the interest that has been piled up from past periods, relevant to both lending and saving scenarios.
Future Value
The value of a current asset or amount of money at a specified time in the future, accounting for interest or capital gains.
FV
A financial term representing the future value of an investment, accounting for factors like interest rates and time.
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