Databases Are Online __________ Systems in Which Every Transaction Has

question 23

Essay

Databases are online __________ systems in which every transaction has to be recorded quickly and correctly.

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Definitions:

Bank Service Charge

Fees charged by banks for the various services and account maintenance provided to customers.

Outstanding Checks

Checks that have been written and recorded in the check issuer's accounting records but have not been cashed or cleared by the bank.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period.

NSF Check

A cheque that cannot be processed because the writer's account lacks sufficient funds, standing for "Non-Sufficient Funds."