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What are 4 types of transaction processing system?

4 types of transaction processing system


What are the types of business transaction?

Cash TransactionCredit TransactionBarter TransactionPaper Transaction


Which of the following account types is considered a transaction account under the Expedited Funds Availability Act?

Checking or Share Draft Account


How many types of ATM transaction?

10


Can a bank reverse a transaction?

Yes, a bank can reverse a transaction under certain circumstances, such as fraud or error.


Does bartering have lower transaction costs?

No the transaction cost of bartering is higher because in this various types of cost ared included.


What are the types of exchange risks?

Transaction, economic and translation exposure


Under the ccta what is the transaction limit before the purchaser's information has to be documented?

Under the CCTA, the transaction limit before the purchaser's information has to be documented is 15 dollars.


What are two fold effects of a transactions?

Two possible effects of a transaction are a change in the assets or liabilities of a company, and a corresponding impact on the financial statements, such as the balance sheet or income statement. Additionally, a transaction may also trigger tax implications depending on the nature of the transaction and applicable tax laws.


What are the economic and accounting effects of dividend transactions in a corporation?

I think it means any transaction.


What are the basic transaction processing activities performed by transaction processing systems?

A transaction processing system is a system that divides work into individual transactions. Types of processing include batch processing, time sharing, real time processing, and transaction processing.


How many controls listed under the Transaction Review Controls?

4