Most Companies Use the Cash Basis of Accounting

question 117

True/False

Most companies use the cash basis of accounting.

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Definitions:

Database Schema

The structure that defines the organization, constraints, and relationships of data in a database.

Data Type

A data type is a classification that specifies the type of data that a variable or object can hold in programming languages.

Database Dictionary

A repository within a database containing metadata such as information about database structure, definitions, and constraints.

Data Centralization

The practice of collecting and storing all data in a single location to improve data management and access.