Started at Duke University in 1979, _____ Was a Set

question 47

Short Answer

Started at Duke University in 1979, _____ was a set of interconnected computers devoted to storing information on specific topics.

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Definitions:

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to update the accounts for accruals and deferrals.

Year-End Adjustment

Year-end adjustment consists of accounting entries made at the end of an accounting period to update balances of accounts so that financial statements can be accurately produced.

Insurance Policy

A contract between the insurer and the insured, which outlines the claims which the insurer is legally required to pay in exchange for the premium.

Net Income

The profit a company generates after deducting all costs, expenses, and taxes from its total revenue.