A Company's Database Contains Three Types of Records: Vendors, Parts

question 5

Multiple Choice

A company's database contains three types of records: vendors, parts, and purchasing.The vendor records include the vendor number, name, address, and terms.The parts records include part numbers, name, description, and warehouse location.Purchasing records include purchase numbers, vendor numbers (which reference the vendor record) , part numbers (which reference the parts record) , and quantity .What structure of database is being used?

• A)Network
• B)Hierarchical
• C)Relational
• D)Sequential

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Definitions:

Permanent Account

An account in the general ledger that carries its ending balance over to the next accounting period, such as assets, liabilities, and equity accounts.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company's financial condition at a specific time, summarizing its assets, liabilities, and shareholders' equity.

Income Statement Debit Column

Typically, an income statement does not use a debit column; instead, expenses decrease revenue to show net income or loss.

Balance Sheet Credit Column

Part of the balance sheet that records liabilities, equity, and certain revenues that increase the company's worth or decrease its debts.