An Access File Is an Electronic Database

question 49

True/False

An Access file is an electronic database .

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Definitions:

Credit Balances

Balances in financial accounts indicating the amount owed by the account holder, often seen in liability and equity accounts.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, recognized in the accounting period in which the employees performed the services.

Posting Reference

An identifier or code that links journal entries to the relevant accounts in the general ledger, facilitating tracking and auditing.

Journal

A record where all of a company's financial transactions are initially documented in chronological order.