What is transaction processing system?
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
Transaction Processing Systems (TPS) are among the earliest computerized systems catering to the requirements of large business enterprises. The purpose of a typical TPS is to record, validate and store transactions that occur in the various functional areas of business for subsequent retrieval and usage. A Transaction Processing System collects, stores, modifies, and retrieves the transactions of an organization.
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