DOCUMENT CONTROL Definition

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DOCUMENT CONTROL is a function or department which keeps track of all documentation, specifications and processes. The purpose is to ensure that everyone uses the correct and most current processes and specifications.

Learn new Accounting Terms

CASH DEFICIT, in accounting, is a shortage of available funds to satisfy current obligations.

ACTIVITY RATIO is any accounting ratio that measures a firms ability to convert different accounts within their balance sheets into cash or sales.

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