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What steps are included in an automated clearing-house transaction?
Wiki User
∙ 13y ago
First, the customer authorizes an electronic entry to their account. Second, the company introduces the electronic payment data through its bank. Third, the originating institution receives electronic payment data from the company
Wiki User
∙ 13y ago
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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.
What are the steps to find information in an automated library?
Tim is mean
What are the basic steps of transaction analysis?
There are four basic steps to the accounting cycle and transaction analysis. They steps are to analyze business events, record the effect of these events, summarize the effects of the events, and to prepare the reports on that subject.
The usual sequence of steps in the recording process is to?
analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts.
What is set of steps completed by a dbms to accomplish a single user task?
transaction
What are the 7 steps in journalizing?
The 7 steps in journalizing are: identify the transactions, analyze the transactions, decide the accounts impacted, record the transaction in the journal, post the transaction to the ledger, prepare a trial balance, and prepare financial statements.
How many steps are included within an octave?
12
When recording the steps of a job what should be done regarding steps that may not be performed every time the job is accomplished?
the steps should be included
What is initial location where stock transaction takes its first steps The broker acts as an intermediary in purchase?
brokerage house
What is the steps in accounting process?
1 - Collect source document 2 - Analyze the transaction 3 - Journalize transaction 4 - Posting transaction 5 - Prepare unadjusted trial balance 6 - Prepare adjusting entries 7 - Prepare trial balance 8 - Prepare financial statements
What are some steps to help with recovering lost data?
Auto recovery data may help recover the data in 1 or 2 ways. First is to recreate lost transaction using current transaction log file and copy of the company file. The other is to recreate all but the last few hours of transaction with the copy of both the company file and transaction log file.
What is transaction processing?
you were introduced to the concepts behind transaction processing. But you may still be wondering just what this is. Transaction processing has been around since the mainframe days of computing. You may have heard of, or have even used, products such as CICS, Tuxedo, or TopEnd. These are all examples of transaction processing systems, which provide transaction services to applications that use them. There are a number of attributes that make up transaction processing.In order to discuss transaction processing, we must first agree on a definition of what a transaction is. A transaction is an atomic unit of work that either fails or succeeds. There is no such thing as a partial completion of a transaction. Since a transaction can be made up of many steps, each step in the transaction must succeed for the transaction to be successful. If any one part of the transaction fails, then the entire transaction fails. When a transaction fails, the system needs to return to the state that it was in before the transaction was started. This is known as rollback. When a transaction fails, then the changes that had been made are said to be "rolled back." In effect, this is acting similar to the way the Undo command works in most word processors. When you select undo, the change that you just may have made is reversed. The transaction processing system is responsible for carrying out this undo.
