PROCESSING CONTROL Definition

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PROCESSING CONTROL, in accounting, is an internal control included in computer software designed to assure that all transactions are handled as authorized and none omitted or added.

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CASH CLEARING ACCOUNT represents a clearing account for voided and reissued imprest cash checks. It is also used for miscellaneous corrections of imprest cash checks.

INVESTMENT TURNOVER is a profitability measure used to calculate the number of times per year an investment or assets revolve.

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