Can someone confirm that my understanding of this subject is accurate?
Run full backup once a day
Run transaction log backup every hour
The space used by the log file for the database will be reused after every full backup. It means the ldf file size will not keep growing day by day. There will be 1 full backup file and 24 transaction log backup files created per day.
If desired a maintenance cleanup task can be set up to delete bak and trn files which are older than x days.
Is this all accurate?
One thing that I don't get - most of the writeups state that with a config akin to what I've described above, one can recover to any point in time. However I don't see how one could recover the transactions which took place since the last transaction log backup, if the main mdf and ldf are damaged or misssing. Possibly I misinterpreted what I read?