One of the Purposes of Database Design Is to Choose

question 33

True/False

One of the purposes of database design is to choose data storage technologies that will efficiently,accurately,and securely process database activities.

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Definitions:

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into debits and credits.

Allowance Account

A contra asset account that reduces the gross amount of receivables to reflect a more accurate value of expected collections.

Liability Account

An accounting record tracking obligations or debts that a company owes to others.