Describe the Different Types of Primary Keys

question 72

Essay

Describe the different types of primary keys.

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Definitions:

Ledger Accounts

Individual records for each account in a company's financial statements, tracking all transactions affecting that account.

Chart of Accounts

An organized list of all the accounts in a company's general ledger which are used to categorize transactions.

Ledger

A comprehensive collection of all accounts and financial transactions of a company, organization, or individual.

Account Numbers

Unique identifiers assigned to individual accounts in an organization's chart of accounts, facilitating accurate recording, classification, and reporting of financial transactions.