Explain the Difference Between a Primary Key and a Foreign

question 85

Essay

Explain the difference between a primary key and a foreign key.

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Definitions:

Liability Account

A liability account is a ledger account representing an entity's obligations or debts to other parties, which can include loans, accounts payable, and accruals.

Rent Fees

Periodic payments made by a tenant to a landlord in exchange for the use of land, a building, or other property.

Worksheet

A document or tool used for planning, calculating, or recording information, especially in accounting and tax preparation.

Merchandise Inventory Account

The merchandise inventory account represents the total cost of all merchandise that is available for sale by a retail or wholesale business during a specific accounting period.