How Is an Audit Trail Used in the General Ledger

question 32

Essay

How is an audit trail used in the general ledger and reporting system?

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Definitions:

Thrust Fault

A thrust fault is a type of geological fault where the hanging wall moves up relative to the footwall, commonly found in areas of compression.

Monocline

A geological fold in sedimentary strata that results in a step-like form on the Earth's surface, indicating singular direction of dip.

Anticline

An anticline is a geological fold with layers that curve upward, typically associated with areas of tectonic compression.

Folding

The bending of the Earth's crust which can create mountains and valleys as a result of tectonic forces.