The First Step of Database Design Is to Define a Table

question 73

Short Answer

The first step of database design is to define a table for each ________.

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Definitions:

Recorded

The act of entering financial transactions into the accounting records of a company.

Effective-Interest Method

A way of calculating the amortized cost of a bond and of allocating interest expense over the bond's life, reflecting the actual interest rate earned.

Discount on Bonds Payable

The difference between the face value of a bond and its selling price, when sold for less than its face value.