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Marking Transactions with a Special Code,recording Them and Their Master

question 53

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Marking transactions with a special code,recording them and their master file records before and after processing,and storing the data to later verify that all processing steps were properly executed is an example of


Definitions:

Negotiation

A discussion aimed at reaching an agreement, where parties involved communicate back and forth to discuss and resolve differences.

Assignment

A transfer of rights or property from one party to another.

Transferee

A transferee is an individual or entity that receives a transfer of property, rights, or interest from another.

Impostor Rule

A legal theory pertaining to fraudulent representation, where a person deceitfully assumes the identity of another to gain a benefit or cause harm.

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