What Is the Term for the Direct Electronic Transmission of Purchase

question 133

Multiple Choice

What is the term for the direct electronic transmission of purchase and ordering information from one company's computer system to another company's computer system?

• A)automated processing  
• B)electronic data interchange  
• C)transaction channelling  
• D)data manipulation

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Definitions:

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services sold on credit.

Subsidiary Ledger

A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.

Subsidiary Ledger

A set of detailed accounts that supports the balance reported in a general ledger control account.