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Controls for the Validity of Data Entered into an Application

question 5

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Controls for the validity of data entered into an application program (such as ensuring that only numbers are entered into a numeric field) are referred to as:


Definitions:

Total Contract

Refers to the complete agreement and its associated financial value in a contractual arrangement between parties.

Depreciation Expense

Depreciation expense is the allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Plant Asset

Long-term assets such as buildings, machinery, and equipment used in the operations of a business.

Allocated

The process of assigning or distributing resources, costs, or revenues to various accounts or cost centers based on a specific criterion or formula.

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