Explain the Difference Between File-Oriented Transaction Processing Systems and Relational

question 50

Essay

Explain the difference between file-oriented transaction processing systems and relational database systems.Discuss the advantages and disadvantages of each system.

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Definitions:

Accounting Cycle

The series of steps followed by an organization to record financial transactions and prepare financial statements over a specific accounting period.

Depreciation

Systematically dividing the cost of a tangible asset across its life of utility.

Financial Statements

Papers detailing a business's financial status, comprising the income statement, balance sheet, and statement of cash flows.

Net Income

The company's resulting profit when all deductions, including expenses and taxes, are made from the total income.