What Is the Purpose of a Database,and How Does the Database

question 79

Essay

What is the purpose of a database,and how does the database accomplish this purpose?

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Definitions:

Beginning Balance

The amount of funds in an account at the start of a new financial period, carried over from the end of the previous period.

Cross-referencing

The process of referring to or consulting related or supportive documents or information within a document or database.

Adjusted Trial Balance

The trial balance prepared after all the adjusting entries have been posted.

Financial Statements

Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.