A(n)________ transaction processing system reports business income and expenses in monthly reports so that the financial health can be determined.
A)general ledger
B)accounts payable
C)inventory control
D)EDI

Question

Quizplus · Accepted Answer

A general ledger is a type of transaction processing system that is used to record financial transactions and report the financial health of a business. It provides a central repository of financial information, including income and expenses, which can be used to generate monthly reports and other financial statements. Accounts payable and inventory control are related to specific aspects of financial transactions, while EDI is a system used for electronic data exchange between businesses.

A(n)________ Transaction Processing System Reports Business Income and Expenses in Monthly