Question

Name three components of a Transaction Processing System.

Answer 1

The following are three main components of a Transaction Processing System (TPS).

1. 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.

2. Storage- The system stores the inputted data in computer storage media such as hard disk.

3. 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.