The Basic Unit of Information in a Database Table of Accounting

question 71

Multiple Choice

The basic unit of information in a database table of accounting data is a(n) :

• A)Inventory part number
• B)Data field
• C)Computer record
• D)Debit

Identify appropriate workplace actions to improve employees' quality of life.

Understand the impact of technology on ethical issues.

Recognize the responsibilities businesses have towards various stakeholders.

Identify examples and understand the implications of workplace discrimination and sexual harassment.

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Definitions:

General Journal Entry

A record in the general journal that represents a transaction and shows the accounts and amounts debited and credited.

F.O.B Shipping Point

F.O.B Shipping Point (Free on Board Shipping Point) is a shipping term indicating that the buyer assumes ownership and risk of the goods being shipped as soon as they leave the seller's premises.

Perpetual Inventory Method

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

General Journal Entry

A general journal entry is a record in the general journal that is used to document business transactions according to the double-entry bookkeeping system.