A Data Flow Represents Data in Motion,moving from One Place

question 93

True/False

A data flow represents data in motion,moving from one place in the system to another.

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Definitions:

Debit

An entry recorded on the left side of a ledger account that increases an asset or expense account, or decreases a liability, equity, or revenue account.

Credit

A financial arrangement where goods, services, or money is received in exchange for a promise to pay back later, often with interest.

"Dr"

An abbreviation for "debit record," indicating an entry on the left side of an account, representing an increase in assets or expenses.

Stockholders' Equity

Shareholders' equity in a corporation, which is the value of the assets that remains once all debts and obligations are deducted.