Name and explain the purpose of the three major subsystems of the accounting information system (AIS):...

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Name and explain the purpose of the three major subsystems of the accounting information system (AIS): SAMSUNG

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System	Purpose
Transaction processing system	To support day to day operations of the business
General Ledger System and Financial Reporting System	To prepare the accounting records of all transactions and incluing preparation of complete books of accounts.
Management reporting system	To summarize the financial data for management.

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49. Name and explain the purpose of the three major subsystems of the accounting information system...

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