Match the Following Transaction Processing Systems to the Activities

question 89

Multiple Choice

Match the following transaction processing systems to the activities.
-general ledger

• 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:

Rental Income

Earnings received from renting out property or equipment, often considered a stable source of income.

Additional Debts

Any debts incurred by a company or individual in addition to their existing debt, potentially affecting their creditworthiness.

Debts Paid

The act of fulfilling financial obligations by repaying borrowed money or settling outstanding loans.

Journal Entry

A record in the books of accounts that documents a financial transaction with a date, accounts affected, and amounts to be debited or credited.