The primary input to the Transaction Processing System is
A) a financial transaction
B) an accounting record
C) an accounting report
D) a nonfinancial transaction

Question

Quizplus · Accepted Answer

The primary input to the Transaction Processing System is a financial transaction, such as a sale or purchase, payment or receipt of money, or transfer of funds between accounts. The system records and processes these transactions to update financial records and produce reports. Inputs of nonfinancial transactions or accounting reports are not the primary purpose of the TPS.

The Primary Input to the Transaction Processing System Is