__________ Involves the Analysis of Accumulated Data and Involves a __________

question 102

Multiple Choice

__________ involves the analysis of accumulated data and involves a __________.

• A)OLAP, database
• B)OLAP, data warehouse
• C)OLTP, database
• D)OLTP, data warehouse

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Definitions:

Journal

A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.

Liability Accounts

Accounts on a balance sheet representing what a company owes to others, including loans, mortgages, and accounts payable.

Debits

Entries on the left-hand side of an accounting ledger, indicating increases in assets or expenses or decreases in liabilities or equity.

Transactions

Economic activities or events that affect the financial position of a company and can be quantified in monetary terms.