Examlex
Describe the five project management processes.
Recording Process
The method of capturing and documenting financial transactions in the accounting records.
Journalizing
The process of recording business transactions in the journal or books of original entry in accounting.
Posting
The process of transferring journal entry information to the ledger, ensuring every debit and credit transaction is recorded in the correct accounts.
Transposition Error
A mistake that occurs when two digits within a number are inadvertently reversed during data entry or recording.
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