0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the steps in processing business transactions?
The first step in processing a business transaction is to identify the transaction. Next, classify the transaction, record, and report the transaction.
Why documents necessary in business transaction?
to record the transaction and the purpose so as to better keep things organized.
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 used to record a checking account transaction?
Check register
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
What transaction is found first on accounting record?
The "journal" is the first transaction found on the accounting record.
Is local deadlock involves one transaction that requires a record held by a second transaction at one site while the second transaction requires a record held by the first transaction at a differents?
yes
You record the debit entry for transaction a 5 1 in the journal as?
You record he credit entry for transaction (a) 5/1 in the journal as
A record in the accounting equation?
Transaction
What are the steps in processing business transactions?
The first step in processing a business transaction is to identify the transaction. Next, classify the transaction, record, and report the transaction.
Why you post journal entry?
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
Is a transaction written proof?
Yes, a transaction is typically a written or digital record that provides proof of an exchange of goods, services, or funds between two parties. This record includes information such as the date, amount, and description of the transaction.
Why documents necessary in business transaction?
to record the transaction and the purpose so as to better keep things organized.
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 used to record a checking account transaction?
Check register
What is a receipt voucher and what is it used for?
a record of the transaction undertaken like a receipt
When a buyer returns merchandise purchased for cash the buyer may record th transaction using?
when a buyer returns merchandise purchased for cash, the buyer may record the transaction using the following entry
