Data Dictionary Can Be Used as Part of the Audit

question 56

True/False

Data dictionary can be used as part of the audit trail.

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Definitions:

Perpetual Inventory System

A method of maintaining inventory records where updates are made continuously after each purchase or sale.

Inventory on Hand

The total quantity of goods or materials in stock at a given time within a business, available for sale or production.

Delivery Expense

Costs associated with the transportation of goods from the place of production to the destination point or customer.

Shipping Costs

Expenses associated with the transportation of goods from one location to another, often borne by the seller or buyer as per the sales contract.