The Data in A(n) ____ Database Exists in Many Separate

question 120

Multiple Choice

The data in a(n) ____ database exists in many separate locations throughout a network or the Internet.

• A) dynamic
• B) remastered
• C) distributed
• D) indexed

Understand the role and function of controlling accounts in the general ledger.

Identify and classify transactions in the correct journals.

Recognize the purpose and maintenance of subsidiary ledgers.

Determine the appropriate recording of purchases and sales transactions.

---

Definitions:

Drawer

The party in a transaction who writes and signs a check or draft instructing a drawee, such as a bank, to pay a specified sum of money to the payee.

Drawee

The person or entity upon whom a check, draft, or bill of exchange is drawn and who is expected to pay it.

Payee

The person or entity to whom a payment is to be made or who receives the payment.

Negotiable Instruments

Financial documents, like checks or promissory notes, that guarantee payment of a specific amount of money to the bearer under certain conditions.