The transaction processing device (TPS) is an activity which includes systems daily the expenditure cycle, the conversion cycle and the revenue cycle. whilst every cycle performs unique particular tasks and helps distinctive objectives, they percentage commonplace traits. as an example, all 3 TPS cycles capture the monetary transaction, file the outcomes of transactions accounting document and offer facts about transactions day-to-day users in assist of their day to day activities. a. elaborate the cash flow through the transaction cycle by discussing the applicable subsystems and any opportunities of time lags that may occur b. explain the relationship between the balance within the account payable general ledger control account and accounts payable subsidiary ledger
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The transaction processing device (TPS) is an activity which includes systems daily the expenditure cycle, the conversion cycle and the revenue cycle. whilst every cycle performs unique particular tasks and helps distinctive objectives, they percentage commonplace traits. as an example, all 3 TPS cycles capture the monetary transaction, file the outcomes of transactions accounting document and offer facts about transactions day-to-day users in assist of their day to day activities.
a. elaborate the cash flow through the transaction cycle by discussing the applicable subsystems and any opportunities of time lags that may occur
b. explain the relationship between the balance within the account payable general ledger control account and accounts payable subsidiary ledger
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