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A single-user database system automatically ensures_____ of the database, because only one transaction is executed at a time.
Purchases Discount
Purchases discount is a reduction in the price paid for goods or services, often granted to a buyer when payment is made within a specified period.
Financial Statement
Formal records that outline the financial activities and condition of a business, individual, or other entity.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, indicating its usual increase direction.
Account Nature
Refers to the classification of an account as either an asset, liability, equity, revenue, or expense, which dictates its role and presentation in financial statements.
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