Question
Name three components of a Transaction Processing System.
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Answer
The following are three main components of a Transaction Processing System (TPS):
- Input: A computerised accounting system accepts the complete transaction data as input through the process of data collection, data editing, data validation and data manipulation.
- Storage: The system stores the inputted data in computer storage media such as hard disk.
- Output: The stored data, through the process of report generation and query support can be retrieved and processed as and when required for generating an accounting report as output.
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