The Link from the User Session,through the Server Session,and to the Database

question 15

Short Answer

The link from the user session,through the server session,and to the database instance is called a(n)____________________.

Prepare journal entries for cash and credit sales, including sales returns and allowances.

Record payment transactions, including discounts for early payment.

Know how to record the payment of sales tax to the state.

Understand the difference between cash and accrual accounting in the context of sales.

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Definitions:

Net Present Value (NPV)

A valuation method used to assess the profitability of an investment by calculating the present value of expected future cash flows minus the initial investment cost.

Externality

A consequence of an industrial or commercial activity that affects other parties without this being reflected in market prices, often considered as either positive or negative.

Capital Cost Allowance (CCA)

A tax deduction available in Canada for depreciable property that can be used to reduce taxable income.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.