1.

What is the Transaction processing system? Name three components of a Transaction processing system.

Answer»

Transaction processing systems (TPS) are among the earliest computerised systems catering to the requirements of large business enterprises. The purpose of a TPS is to record, process, validate and store transactions that occur in the various functional areas of business for subsequent retrieval and usage.

TPS system has three components:

  • Input-Processing-Output
  • ATM facility.
  • Telephone Account and Airline Seat Reservation System are examples of TPS.


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