0
Still curious? Ask our experts.
Chat with our AI personalities
Vivi
Lao
EzraAdd your answer:
Earn +20 pts
Under system only cash transactions are recorded in the books of accounts?
single entry system
What information system answers routine questions about daily business transactions?
transaction proccessing system
How can you justify that accounting is an information system?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.
Five types of Transaction processing system?
Types[edit]Contrasted with batch processingBatch processing is not transaction processing. Batch processing involves processing several transactions at the same time, and the results of each transaction are not immediately available when the transaction is being entered;[1]there is a time delay. Transactions are accumulated for a certain period (say for day) where updates are made especially after work.[edit]Real-time and batch processingThere are a number of differences between real-time and batch processing. These are outlined below:Each transaction in real-time processing is unique. It is not part of a group of transactions, even though those transactions are processed in the same manner. Transactions in real-time processing are stand-alone both in the entry to the system and also in the handling of output.Real-time processing requires the master file to be available more often for updating and reference than batch processing. The database is not accessible all of the time for batch processing.Real-time processing has fewer errors than batch processing, as transaction data is validated and entered immediately. With batch processing, the data is organised and stored before the master file is updated. Errors can occur during these steps.Infrequent errors may occur in real-time processing; however, they are often tolerated. It is not practical to shut down the system for infrequent errors.More computer operators are required in real-time processing, as the operations are not centralised. It is more difficult to maintain a real-time processing system than a batch processing system.
Marlow company use a perpetual inventory system It entered into the following calendar-year 2011 purchases and sales transactions?
Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
