Match the Following Transaction Processing Systems to the Activities

question 59

Multiple Choice

Match the following transaction processing systems to the activities.
-sales

• A)record transactions
• B)reduce the number of items in stock
• C)print employee paychecks
• D)buy new stock from vendors
• E)record what customers owe
• F)print a check for a vendor
• G)summarize monthly income and expenses

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Definitions:

Gross Pay

The total amount of money earned by an employee before any deductions or taxes are taken out.

Deductions

Amounts subtracted from gross income to determine taxable income, including expenses, exemptions, and allowances.

Long-Term Liabilities

Financial obligations of a business that are due more than one year in the future.

Current Liabilities

Debts or obligations that are due to be paid within one year or within the normal operating cycle.