A DBMS Must Provide Journalizing Facilities to Provide an Audit

question 166

True/False

A DBMS must provide journalizing facilities to provide an audit trail of transactions and database changes.

---

Definitions:

Unearned Subscriptions

Revenue received in advance for subscriptions that have not yet been fulfilled.

Adjusting Entries

Journal entries made in an accounting period to update the records for accruals and deferrals that have not been fully recorded during the period.

Deferral

A future revenue or expense initially recorded as a liability or asset.

Prepaid Rent

An expense that is paid in advance for the use of property or equipment, recognized over the period of usage.