Examlex
The two primary ways to optimize a relational database are (a)for storage efficiency and (b)for using the smallest amount of space.
Accounting Equation
A fundamental principle of accounting reflecting that assets are equal to the sum of liabilities and shareholders' equity.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's transactions are mathematically correct.
Debit Column
The left-hand column in an accounting journal or ledger where debits are recorded, indicating an increase in assets or expenses or a decrease in liabilities, equity, or income.
Credit Column
The section of a financial statement or ledger where increases in liabilities, equity, and revenue or decreases in assets and expenses are recorded.
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