AUDIT TRAIL Definition

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AUDIT TRAIL is a step-by-step record by which financial, business, and quality assurance data can be traced to its source. For example: checking the validity of an accounting entry through the step-by-step record by which accounting data can be traced to their source.

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ALLONGE is a piece of paper attached to a negotiable instrument to allow space for writing endorsements.

EARNING ASSET is an asset which provides income (e,g, rental property).

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