Debugging is the process of identifying, analyzing, and removing bugs or errors from computer programs. It is a critical aspect of software development, ensuring that programs run smoothly and efficiently.
A prior period adjustment is an accounting term used to describe a correction to an error in previously issued financial statements. These adjustments are necessary to accurately reflect the financial status of a company or organization.
A reversing entry is a journal entry made to nullify a previous journal entry, thereby preventing errors caused by the previous entry.
