Data

Bit (Binary Digit)
A bit, short for binary digit, is the smallest unit of data in a computer and represents a binary value of 0 or 1.
Data
Data refers to the information that is processed, stored, or produced by a computer. The distinction between program (instructions) and data is a fundamental concept in computing.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.