Both Data and Database Administration Are Involved in Establishing the Data

question 113

True/False

Both data and database administration are involved in establishing the data safeguards.

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Definitions:

Check Fee Expense

Charges incurred by a business or individual for issuing or cashing checks, often recognized as an expense.

Bank Service Charges

Fees charged by banks for account maintenance, transactions, or other financial services.

Note Collected

The receipt of cash from the repayment of a promissory note where the borrower repays the lender.

Deposits In Transit

Deposits that have been made to a bank account but not yet credited by the bank, leading to discrepancies in bank reconciliation.