A ________ Is a Self-Describing Collection of Integrated Records

question 4

Multiple Choice

A ________ is a self-describing collection of integrated records.

• A) datasheet
• B) spreadmart
• C) database
• D) dataspace

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to prepare financial statements.

Permanent Accounts

Accounts that are not closed at the end of the accounting year and whose balances are carried forward to the next year, including assets, liabilities, and equity accounts.

Temporary Accounts

Accounts used to accumulate data related to one accounting period, including revenue, expense, and withdrawal accounts, which are closed at the end of the period.

Trial Balance Columns

Lists in a company's accounting records that show all the debit and credit balances of its accounts, used for internal checking purposes.