Definitions (2)
Popular Terms
1. Accounting: Following a specific piece of financial information back to its originating document by following its audit trail.
2. Cost accounting: Assignment of a cost to an activity or cost object based on a cause-and-effect (causal) relationship. Tracing is preferred over allocation where the required data is obtainable at a reasonable expense.

Use 'tracing' in a Sentence

I had a bogus charge on my credit card and couldn't get anyone else to help me so I had to go through the very confusing and tedious process of tracing down the issue.
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I noticed that my daughter was tracing her hand on a piece of paper and I started to do the same with my hand.
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We engaged in tracing to source the document as we needed to verify it was not fraudulent so we went through our legacy system to find it.
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