ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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REASONABLE CERTAINTY Definition
REASONABLE CERTAINTY is the degree of certainty that would be found to be in existence by a reasonable person.
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INVENTORY VARIANCE see VARIANCE.
INTERNAL CONTROLS include policies and procedures that (a) pertain to the maintenance of accurate and reasonably detailed records, (b) provide reasonable assurance that transactions are properly recorded and authorized, and (c) safeguard assets.