Precision

Fixed-Point Number
A fixed-point number in which the decimal point is set at a fixed location, commonly used for representing numbers with a predetermined scale.
Plotter
A plotter is a computer output device that draws graphics on paper by moving pens based on instructions from the computer. It is commonly used in engineering, architecture, and other fields requiring precise and large-format drawings.
Rounding Error
A rounding error is a computational discrepancy that occurs when the exact representation of a number cannot be stored accurately in a computer due to limitations in precision, leading to an approximation stored with finite digits.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.