A Data Map Is a Centralized Repository of Information About

question 20

True/False

A data map is a centralized repository of information about data containing a separate record for each field/variable in the database.

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Definitions:

Trial Balance

A spreadsheet where the totals of all ledger balances are gathered into equal totals in debit and credit columns for accounts.

Debit Column

A column in financial accounting used to record entries that decrease liabilities and increase assets or expenses.

Credit Column

A section on the right side of an accounting ledger used to record increases in liability, equity accounts, and revenue, or decreases in assets and expense accounts.

Ledger

A comprehensive collection of a company's accounts, where all transaction data from the journal is summarized and classified.