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Which is not a purpose of the transaction processing system

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Reference no: EM132809338

Problem 1. Which of the following is NOT a financial transaction?

a. purchase of products

b. cash receipts

c. update valid vendor file

d. sale of inventory

Problem 2. The following are subsystems of the Accounting Information System, EXCEPT

a. Transaction Processing System.

b. Human Resources System.

c. General Ledger/Financial Reporting System.

d. Management Reporting System.

Problem 3. Which of the following is NOT a purpose of the Transaction Processing System?

a. managing and reporting on the status of financial investments

b. converting economic events into financial transactions

c. distributing essential information to operations personnel to support their daily operations

d. recording financial transactions in the accounting records

Reference no: EM132809338

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