A Relation That Does Not Contain Any Repeating Groups Is

question 20

Multiple Choice

A relation that does not contain any repeating groups is in _____.

• A) first normal form
• B) second normal form
• C) third normal form
• D) Boyce-Codd normal form

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Definitions:

Financial Statements

Concise financial records that encapsulate a company's financial performance, position, and cash flows over a specific period.

Expense Account

A category within accounting that tracks money spent or costs incurred by a business in its operational activities.

Income Summary

An account used temporarily during the closing process to aggregate all income and expense accounts before transferring their balances to the retained earnings account.

Current Assets

Assets that are expected to be converted into cash, sold, or used within a year, including cash, inventory, and receivables.