List Nine Advantages of a Properly Designed Relational Database

question 14

Essay

List nine advantages of a properly designed relational database.

Understand and perform journal entries for transactions in governmental and enterprise funds.

Distinguish between types of fund financial statements and government-wide financial statements.

Understand the purpose and components of government-wide financial statements.

Comprehend the significance and recording procedures of transfers and interfund activities.

---

Definitions:

Liability Accounts

Accounts on a company's balance sheet that track what the company owes to others, such as loans payable, accounts payable, and mortgage payable.