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he college you are attending has a very busy canteen. Students are allowed to place and pay for orders. The receipts for each transaction are stored in a container and are reconciled at the end of the day with the amount in the cash register. The canteen doesn’t allow card payment method. Based on the scenario above, answer the following questions: Q.1.4.1 Identify and motivate the transaction processing taking place in the above scenario.        Q.1.4.2    If the canteen was to allow card payments

he college you are attending has a very busy canteen. Students are allowed to place and pay for orders. The receipts for each transaction are stored in a container and are reconciled at the end of the day with the amount in the cash register. The canteen doesn’t allow card payment method. Based on the scenario above, answer the following questions: Q.1.4.1 Identify and motivate the transaction processing taking place in the above scenario.        Q.1.4.2    If the canteen was to allow card payments

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q.1.4
    The college you are attending has a very busy canteen. Students are allowed to place and pay for orders. The receipts for each transaction are stored in a container and are reconciled at the end of the day with the amount in the cash register. The canteen doesn’t allow card payment method.
Based on the scenario above, answer the following questions:

Q.1.4.1 Identify and motivate the transaction processing taking place in the above scenario.
       Q.1.4.2
   If the canteen was to allow card payments and process transactions immediately, what type of transaction processing would the canteen be using? Motivate your answer.
  

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