What Is Transaction Processing

question 40

Multiple Choice

What is transaction processing?

• A) The decision support system used to efficiently handle multiple transactions
• B) The posting and tracking of the detailed activities of a business
• C) The movement of paperwork through a system using a decision tree
• D) The scheduling of machinery to minimize time and scrap

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Definitions:

Accounts Receivable

Funds that clients or customers owe to a company for products or services delivered on credit.

Accounts Payable

An accounting recording of amounts a company owes to suppliers for goods or services purchased on credit.

Net Income

The amount of money remaining from revenues after all the firm's expenses are subtracted.

Statement of Cash Flows

A report that details a company’s cash inflows and outflows from operations, investing, and financing, showing how cash levels change over time.