Tag: accounting and database system

Quizzes (4) Questions (22)

Questions Related to accounting and database system

Multiple choice accountancy accounting using data base management system (dbms) applications of dbms in generating accounting information accounting and database management system accounting and database system

The accounts shown in the chart of accounts can be broadly classified into two categories: Balance sheet accounts and ___________ accounts.

  1. Income statement

  2. Expense

  3. Revenues

  4. Cash
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The chart of accounts is divided into balance sheet accounts (assets, liabilities, equity) and income statement accounts (revenues, expenses).

Multiple choice accountancy accounting using data base management system (dbms) applications of dbms in generating accounting information accounting and database management system accounting and database system

A collection of records pertaining to one of the main subjects of an information system, such as customers, employees, products and vendors is known as ___________.

  1. Master File

  2. Transaction File

  3. Master data management

  4. Customer File
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A master file is a collection of records that contains relatively permanent data about entities like customers, employees, or products, which is used across multiple transactions.