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Q: How business information can be represented using entities and attributes?
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What are the entities and attributes of the banking system?

These would be the assets that the bank owns. It could include stocks, the buildings, outside interests, and anything that makes up the business.


Why should you keep private and business transactions separate?

In business books of accounts only business transactions are recorded as per Entity concept of accounting business owners and business accounts are two separate entities and two separate entities cannot show transactions in same books of accounts.


What is chapter 13 reorganization?

There is no such thing. Business entities cannot file for chapter 13, only persons. Chapter 11 is for reorganization of business entities, or for persons who owe more than $360,475 in unsecured debts and more than $1,081,400 in secured debts.


What is a primary characteristic that distinguishes governmental entities from business entities?

The main difference is the purpose of the entity. A business entity's goal is to maximize its shareholder value by earning profits. Government entities exist for various purposes that Congress has determined are necessary either for the government to function properly, or to fill a perceived social need that is not being adequately supplied by the private sector. Since government entities are financed primarily through tax dollars, they are not supposed to earn profits... only enough money to accomplish their specific goals.


What is the importance of the entity concept in accounting?

The importance of the entity concept in accounting is that you are able to determine the financial status of a business. The entity concept demands that the business and the owners should be treated as separate entities.

Related questions

What are the different types of information represented in the ER diagram and the symbols used to represent them?

The different types of information represented in an ER diagram are entities (represented by rectangles), attributes (represented by ovals connected to entities), and relationships between entities (represented by diamonds). Entities are the objects or concepts about which data is stored, attributes are the properties of entities, and relationships define how entities are connected to each other.


In a relational database what are entities attributes represented as?

Women


What are the entities and attributes.give one example?

Entities are one type of storage place where we can store information whereas attributes is the piece of information for that entity. Example : The book is the entity set. Title, price, author name all are the attributes of the book entity.


Attributes in relational database?

In a relational database, attributes are the characteristics or properties that describe entities in a table. Attributes are represented by columns in a table and hold specific pieces of data related to the entities. Each attribute has a data type that defines the kind of data it can store (e.g., integer, string, date).


What is entity relationship diagrame?

An entity relationship diagram (ERD) represents the entities, or groups of information, and their relationships maintained for a business. An entity relationship diagram represents the entities, or groups of information, and their relationships maintained for a business. An entity relationship diagram represents the entities, or groups of information, and their relationships maintained for a business.


Why is it important for business entities to provide periodic information?

Business entities should provide periodic information because it lets the management know what is going on. It also lets the Internal Revenue Service monitor the business.


What is difference between object and entity?

A database object is represented as one of the following: database, schema, table, column, primary key, and foreign key A database Entity is: An entity is a thing or object of importance about which data must be captured. All things aren't entities - only those about which information should be captured. Information about an entity is captured in the form of attributes and/or relationships. If something is a candidate for being an entity and it has no attributes or relationships, it isn't an entity. Database entities appear in a data model as a box with a title. The title is the name of the entity.


What Data model is said to be a semantic data model?

An Entity-Relationship (ER) model is commonly referred to as a semantic data model. It focuses on defining the entities, attributes of the entities, and the relationships between entities to capture the meaning of data in a domain. This model helps to visualize and understand the semantics of the data being represented.


What are attributes and entities in database system management?

Entities are the things you're keeping track of. In an video rental database, you keep track of customers, invoices, titles, copies, etc. These are represented in tables where the rows are individual instances of a customer or title. The columns are the attributes, the things that tell us about the instance in the row. The customer's name, address, city, balance, etc. are attributes that help identify the customer. An invoice's attributes might be price, number, date, paid/unpaid, etc. Databases link entities/tables so that a customer, described by his attributes, can be associated with his invoices, describe by his attributes and selected by the invoices 'unpaid' column. "Here's your bills for the last month, Mr. Smith."


What is the relationship between entities and attributes?

Entities are the objects or concepts that we want to store data about, while attributes are the characteristics or properties of those entities. Each entity can have multiple attributes that describe different aspects of the entity. Attributes provide details about entities and help to define their unique features within a database or system.


What are the entities and attributes of the banking system?

These would be the assets that the bank owns. It could include stocks, the buildings, outside interests, and anything that makes up the business.


How do you create a table using the entities and attributes you want to use and listing at least three entities and at least four attributes for each entity?

Entity is an object, can be independent or dependent object. e.g A Student, Lecturer OR Employee can be a entity where as the attributes are the properties of the entity. e,g name, age, birthdate, degree. to answer your question create 3 X 4 matrix, add entity names in column heading and attributes in a row label. and fill in the information for each entity.