A Data Warehouse

question 60

Multiple Choice

A data warehouse

• A)is primarily used for analysis rather than transaction processing.
• B)stores transaction processing records in hard copy.
• C)replaces traditional transaction processing databases.
• D)increases the speed of transaction processing.

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Definitions:

General Ledger

A comprehensive accounting record of all transactions that affect a company, summarized by account.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Payable

The amount a company owes to suppliers or vendors for goods or services received but not yet paid for.