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A detailed coding scheme recognized by system software for representing organizational data is called a(n) :
Interest
The cost paid for borrowing money, typically expressed as a percentage of the total amount loaned.
Periodic Inventory
An inventory accounting system where inventory and cost of goods sold are determined at the end of an accounting period based on a physical count.
Defaulted Note
A note or loan for which the borrower has failed to make the agreed-upon payments by the due date.
Account
An accounting device used in bookkeeping to record increases and decreases of business transactions relating to individual assets, liabilities, capital, withdrawals, revenue, expenses, and so on.
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