Entering New Information in the Database of an ERP System

question 99

Multiple Choice

Entering new information in the database of an ERP system is a(n) :

• A)data packet.
• B)transaction.
• C)record.
• D)file.

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Definitions:

Interest

The cost of borrowing money or the return on investment capital, often expressed as a percentage rate over a period of time.

Adjusted Cash Balance

The cash balance recorded in accounting books after considering outstanding checks and deposits in transit, ensuring it matches the actual bank balance.

Check Register

A record book or electronic log used to track checks written, deposits made, and current account balances.

Bank Statement

A document or electronic record issued by a bank summarizing a customer's transactions and current balance over a specific period.