What Is the Smallest or Basic Unit of Information

question 265

Multiple Choice

What is the smallest or basic unit of information?

• A) Database management element
• B) Data element
• C) Data model
• D) Data integrity issue

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Definitions:

Accrued Revenue

Revenue that has been earned, but not yet received in cash or recorded in the accounts.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the wear and tear or usage.