Describe the Difference Between Centralized Networks and Decentralized Networks

question 27

Essay

Describe the difference between centralized networks and decentralized networks.

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Definitions:

Sundry Accounts Column

A column in financial records used for recording miscellaneous transactions that are not frequent or significant enough to warrant their own dedicated account.

Cash Receipts Journal

A dedicated financial journal that tracks all cash inflows to a business, detailing the source and amount of cash received.

Cash Sales

Transactions where payment is made in cash at the time of the sale.

Cash from Sale

The cash received from selling goods or services.