Data Organization

Database
A Database is an organized collection of information held on a computer. It can be managed by a Database Management System (DBMS), which allows for efficient handling of data.
Record
In data processing, a record refers to a collection of related data items stored together. Each record contains fields that represent different pieces of related information.
Root Directory
The top level in a hierarchical computer file system, wherein it contains all the second-level subdirectories on a specific drive, acting as the directory’s initial point of reference.

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.