AUDIT TRAIL Definition

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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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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