transaction processing quiz

Business begin with acquisition of materials, property, and labor in exchange of cash.

• conversion cycle

• revenue cycle

• expenditure cycle

• transaction cycle

Involves processing cash sales, and receipt of cash following a credits sales.

• conversion cycle

• revenue cycle

• expenditure cycle

• transaction cycle

Known as traditional record

• manual system

• documents

• product

• source document

Provides evidence of an economic event and used to initiate transaction processing.

• manual system

• documents

• product

• source document

A product documents of one system that become source document for another systems.

• manual system

• documents

• Turnaround documents

• source document

types of journal

• entry, general journal, note journal

• note journal,

  register, special journal

• general journal, special journal, register

• spec journal, register, general journal

Often used to denote certain types of special journal

Book of account reflect the financial effect of the firm's transaction after they are posted from various journal.

DFD means

ERD means