Examlex
When you update data in a query,you are actually updating the data in the underlying table.
Ledger
A comprehensive collection of all accounts used by an organization, recording all financial transactions through debits and credits.
Journal
A record where all financial transactions are initially documented in chronological order before being transferred to accounts in the general ledger.
Financial Statements
Documents that present the financial activities and conditions of a business or individual, including balance sheets, income statements, and cash flow statements.
Liabilities
Financial obligations or debts owed by a business to external parties or individuals, which must be repaid at a future date.
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