Question: Database technology may eliminate the need for double-entry accounting. This creates three possibilities: 1) the double-entry model will be abandoned 2) the double-entry model will
Database technology may eliminate the need for double-entry accounting. This creates three possibilities: 1) the double-entry model will be abandoned 2) the double-entry model will not be used directly, but an external-level schema based on the double-entry model will be defined for accountants
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
