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The double-entry system requires that each transaction must be recorded?
Wiki User
∙ 14y ago
in at least two different accounts.
Wiki User
∙ 14y ago
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Filled Customer Orders Collected transaction are recorded into the accounting system using what balance identifier?
The answer is R
What are the essential in Transaction Processing System?
transaction processing system are computerized system that perform and record the daily routine transaction necessary to conduct business
What is a transaction processing system?
Transaction processing system are operational level systems at the bottom of the pyramid.
What is a transaction in a data base system?
Like transaction in banks there are transactions in a database system too like deleting data is also a transaction. Transaction can be recovered using rollback and save point.
What is transaction system in dbms?
any change in database is called transaction.
What is single entry and double entry?
Single entry system is that system in which only one side of entry either debit or credit is recorded while the other side of transaction is ommitted while in double entry system, both side of transactions debit and credit are recorded to complete the business transaction.
Filled Customer Orders Collected transaction are recorded into the accounting system using what balance identifier?
The answer is R
Why do debits equal credits?
In double entry accounting system any transaction should be equal for both debit as well as credit side to be recorded otherwise no business transaction can be recorded. This assures the basic accounting equation as well.
Disadvantages transaction processing Disadvantages of transaction processing systems Advantages of using transaction processing system What are the advantages of transaction processing What ar?
disadvantages of transaction processing system
What are the essential in Transaction Processing System?
transaction processing system are computerized system that perform and record the daily routine transaction necessary to conduct business
Which information system answers routine about business transactions?
transaction processing system
What are 4 types of transaction processing system?
4 types of transaction processing system
What is a transaction processing system?
Transaction processing system are operational level systems at the bottom of the pyramid.
transaction processing system?
improved transaction speed and accuracy
What is a transaction in a data base system?
Like transaction in banks there are transactions in a database system too like deleting data is also a transaction. Transaction can be recovered using rollback and save point.
What is transaction system in dbms?
any change in database is called transaction.
What is the difference between cash-based and accrual-based accounting?
under cash base system of accounting/book keeping transaction is recorded in the books of accounts when actually cash received or paid relevant to the transaction, whereas, in accrual Base system of accounting there is not any compulsion to actually receive or pay cash before recording the transaction in the books of accounts but only evidence of an event is needed to record it!
