A Database Management System (DBMS)is Used for Creating,modifying,and Maintaining the Database

question 58

True/False

A database management system (DBMS)is used for creating,modifying,and maintaining the database.

---

Definitions:

Voucher Register

A record of all vouchers issued by a business, detailing payments made or to be made for goods or services.

Liabilities

Financial obligations or debts owed by a company to creditors.

Internal Control

Processes and procedures implemented by a company to safeguard its assets, ensure accurate financial reporting, and promote compliance with laws and regulations.

Voucher System

A control mechanism in accounting that uses vouchers to record and authorize transactions prior to their occurrence.