✏️ Explanatory Question

What are the five categories of data entities?

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📘 Detailed Answer
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Answer with Explanation

  • Parameters – Setup/behavioral settings (single-record tables)

  • Reference – Small static data (units, tax codes)

  • Master – Core business nouns (customers, vendors)

  • Document – Worksheets converted to transactions (orders, journals)

  • Transactions – Posted operational data (invoices, balances)