Personal Finance

Transaction Function Definition: “`cvoid transaction(){ // Begin the transaction begin_transaction(); // Perform operations within the transaction// Example: update customer account balance// Commit the transactioncommit_transaction();// Handle any errors during the transactionif (error()){ // Rollback the transaction rollback_transaction();} }“` Explanation: begin_transaction(): Starts a new transaction. commit_transaction(): Commits the transaction and makes it permanent. rollback_transaction(): Rolls back the […]

Previous Balance Method The previous balance method is a method of accounting that records accounts at their balances at the beginning of each accounting period, rather than at the end of the previous period. This method is used by businesses to ensure that accounts are accurate and up-to-date, especially when there are multiple accounts involved. […]

Chip and Pin Cards Chip and pin cards, also known as EMV cards (Europay, Mastercard, and Visa), are a type of contactless smart card that incorporates microchips and PIN numbers for secure payments. Key Features: 1. Microchip:– Stores encrypted card data and generates dynamic security codes.- Protects against cloning and counterfeiting. 2. PIN Number:– Requires […]

Definition: Dormant refers to a state in which an organism is in a state of inactivity or reduced metabolic activity. It is a condition in which an organism is not actively growing or reproducing, but remains in a state of low energy consumption and minimal physiological processes. Examples: Dormancy in plants: Plants enter dormancy during […]