All of the Following Are Examples of Transaction Processing Systems

question 86

Multiple Choice

All of the following are examples of transaction processing systems EXCEPT:

• A)accounts receivable.
• B)ticket reservations.
• C)group decision support system.
• D)inventory.

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Definitions:

Transaction

An agreement or communication carried out between two or more parties that results in the exchange of value, such as the purchase or sale of goods or services.

Posting Reference Columns

Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.

Ledger

A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.