Question

In the context of accounting reality, which of the following option contains five entities?

• A. Accounts, Attributes, Employees, Accounts Type and Support Documents.
• B. Accounts, Attributes, Identifier, Accounts Type and Support Documents.
• C. Accounts, Vouchers, Employees, Accounts Type and Support Documents.
• D. Accounts, Vouchers, Employees, Accounts Type and Attributes.

Answer 1

Answer: (C)

Accounts, Vouchers, Employees, Accounts Type and Support Documents.

Anything in the real world with independent existence is called entity. In the context of accounting reality, there exist five entities: Accounts, Vouchers, Employees, Accounts Type, and Support Documents. The accounting data is captured through these entities.