Which of the Following Is a System Designed to Handle

question 51

Multiple Choice

Which of the following is a system designed to handle routine and recurring transactions within an organization?

• A)Management information system
• B)Decision support system
• C)Informal system
• D)Transaction-processing system
• E)Expert system

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Definitions:

Accounts Payable

Accounts payable are amounts owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the company's assets.

Revenue Accounts

Accounts that track the income earned by a business from its operational activities, such as sales of goods or services.

Credit

An accounting entry that increases the balance of liabilities and equity accounts, or decreases the balance of an asset or expense account.