In the context of relational databases, when we create a relationship between tables, the common fields used are known as Key fields. Key fields, especially primary keys and foreign keys, play a crucial role in ensuring data integrity and establishing connections between two or more tables.
Here's a brief explanation:
Effective use of key fields is essential for creating a robust database structure, as they help maintain referential integrity by ensuring that relationships between tables remain consistent.
In a relational database system, key fields are used to establish and identify relationships between different tables. These fields uniquely identify records in a table, and their commonality in two tables forms the basis of the relationship between them.
Thus, the correct answer is: Key fields
Manav and Namit were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2024 was as follows:
| Liabilities | Assets | ||
|---|---|---|---|
| Capitals: | Machinery | ₹8,00,000 | |
| Manav | ₹4,00,000 | Investments | ₹5,00,000 |
| Namit | ₹6,00,000 | Debtors | ₹12,00,000 |
| Bank Overdraft | ₹9,00,000 | Stock | ₹3,00,000 |
| Creditors | ₹10,00,000 | Cash in Hand | ₹1,00,000 |
| Total | ₹29,00,000 | Total | ₹29,00,000 |
The firm was dissolved on the above date and the following transactions took place:
[(i)] Stock was given to creditors in full settlement of their account.
[(ii)] Investments were taken over by Manav at 120% of book value.
[(iii)] Bad debts amounted to ₹ 2,00,000.
[(iv)] Machinery was realised at 50% discount.
[(v)] Realisation expenses amounted to ₹ 1,00,000 which were paid by Namit.
Prepare Realisation Account.