A Database Schema Defines the Name, Data Type, and Length

question 60

True/False

A database schema defines the name, data type, and length of each field in the database.

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Definitions:

Expenses

The costs of operating the business that are incurred to generate revenues during the period.

Liabilities

Financial obligations or debts owed by a business to another entity, typically resulting from past transactions or events.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Interest-Bearing Note

A debt instrument that pays interest to the holder until its maturity.