The Primary Input to the Transaction Processing System Is

question 26

Multiple Choice

The primary input to the Transaction Processing System is

• A) a financial transaction
• B) an accounting record
• C) an accounting report
• D) a nonfinancial transaction

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Definitions:

Decrease in Inventory

A reduction in the amount of goods available for sale or use, often reflected in financial statements and can indicate sales performance or a strategy to lower inventory levels.

Acquisition of Treasury Stock

The process by which a company buys back its own shares from the marketplace, reducing the amount of outstanding stock.

Investing Activities

Financial activities related to the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Acquisition of New Securities

The process by which a company or individual buys new stocks, bonds, or other forms of investment securities to add to their portfolio.