Examlex

Solved

Explain the Three Views of a Database

question 44

Essay

Explain the three views of a database.


Definitions:

Sales

The total amount of revenue generated from the sale of goods or services by a company during a specific period.

Gross Method

An accounting method for recording purchases at the invoice price without deducting any cash discounts offered.

Sales Discounts

A reduction in the price of goods or services offered to customers to encourage prompt payment.

Discount Period

The time frame in which a payment can be made with a discount for early payment, often used in terms of sales and accounts receivable to encourage prompt payment.

Related Questions