Most Databases Created Today Do Not Use the Hierarchical or Network

question 64

True/False

Most databases created today do not use the hierarchical or network models; however, these models, which are generally used with legacy mainframe systems, are still operational and so must be maintained.

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Definitions:

QuickBooks Transactions

Financial operations such as sales, purchases, and payments recorded and tracked within QuickBooks software.

Non-posting Accounts

Non-posting accounts are accounts used in an accounting system that are not directly affected or updated into the general ledger, often used for tracking purposes only.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment in time by detailing assets, liabilities, and equity.

Income Statement

A financial report that shows a company's revenues and expenses over a specified period, culminating in the net profit or loss for that period.