An Organized Collection of People, Procedures, Software, Databases, and Devices

question 33

Short Answer

An organized collection of people, procedures, software, databases, and devices used to record completed business transactions is called a(n) _____.

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Definitions:

Purchase Order

The purchase order authorizes the purchase of the inventory from an approved vendor.

Ledger

A group of accounts for a business.

Postage Stamps

These are adhesive labels issued by postal authorities to prepay for the delivery of mail.

Travelers' Checks

Preprinted, fixed-amount checks designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.