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What function does an organization's code of ethics perform?
Incorrect Account Titles
Errors in the naming or categorization of accounts in the financial records, which can impact the accuracy of financial reporting.
Journalizing
The entering of transaction data in the journal.
Trial Balance
A bookkeeping worksheet listing the balances in each ledger account, used to verify that the sum of debits equals the sum of credits.
Credit Side
The side of an accounting ledger where increases in liabilities, equity, and revenue, or decreases in assets and expenses are recorded.
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