A Copy of a Database,master File,or Software That Will Be

question 32

Multiple Choice

A copy of a database,master file,or software that will be retained indefinitely as a historical record is known as a(n)

• A)archive.
• B)cloud computing.
• C)differential backup.
• D)incremental backup.

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Definitions:

Sales Returns and Allowances

Refers to the process of refunding or reducing the sale price for previously sold goods that are returned or for which concessions are made.

Accounts Payable

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

Debit

An entry recorded on the left side of a bookkeeping ledger for a transaction that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Sales Tax Payable

A liability account that records the amount of sales tax collected from customers, which is owed to the government.