When a sale occurs, the information resulting from that sale must flow into the sales recording systems, the accounts receivable and cash collection systems, and the inventory tracking systems.In IT accounting systems, these recording and processing systems are referred to as:
A)Transaction Processing Systems
B)Revenue and Cash Processing Systems
C)Point of Sale System
D)E-business System

Question

Quizplus · Accepted Answer

Transaction Processing Systems are responsible for recording and processing transactions such as sales, accounts receivable, cash collection, and inventory tracking. They are designed to handle high-volume, routine transactions efficiently and accurately. Therefore, this is the most appropriate answer. Option B is incorrect as it only covers revenue and cash processing, while Option C and D are too specific and do not cover all the necessary accounting functions.

When a Sale Occurs, the Information Resulting from That Sale