A Simultaneous Relationship Among the Instances of Three Entity Types

question 111

Multiple Choice

A simultaneous relationship among the instances of three entity types is called a(n) ________ relationship.

• A) ternary
• B) tertiary
• C) primary
• D) binary

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Definitions:

General Journal

A bookkeeping ledger that records every financial transaction of a business in chronological order.

Revenues Journal

A record of sales and income transactions, typically used in accounting to track and manage revenue generation.

Cash Receipts Journal

An accounting journal used to record all cash inflows or money received by the business.

All-purpose Journal

A general ledger used in accounting to record financial transactions that do not fit specifically into other specialized journals.