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.

Learn new Accounting Terms

NET OPERATING INCOME (NOI) is income after deducting for operating expenses but before deducting for income taxes and interest.

GENERAL EXPENSE is expense not directly connected with any single department.

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