Information Processing Consists of the System Activities of Input, Processing

question 47

Short Answer

Information processing consists of the system activities of input, processing, output, _______________, and control.

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Definitions:

Check Register

A logbook used by individuals to track checks issued, deposits made, and current balance in their checking account; a tool for personal financial management.

Cash Balance

The total amount of cash or cash equivalents available in a company’s account at any given time.

Deposit

A sum of money placed into an account or given as security for a financial agreement.

Cash Balance

The amount of cash a company or an individual has on hand at any given time, reflecting the liquidity and ability to meet immediate obligations.