Examlex
Which of the following refers to the process of ensuring that individuals trying to access the system are who they say they are,thus preventing them from illegally accessing data?
Perpetual Inventory Method
An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
General Journal Entry
A general journal entry is a record in the general journal that is used to document business transactions according to the double-entry bookkeeping system.
Perpetual Inventory Method
The perpetual inventory method continuously updates inventory records and cost of goods sold every time a transaction occurs.
General Journal Entry
The initial recording of financial transactions in the general journal, indicating the accounts and amounts to be debited and credited.
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