Question: Transaction processing system (TPS) as an activity consisting of three major subsystems called cycles: the revenue cycle, the expenditure cycle, and the conversion cycle. Even

Transaction processing system (TPS) as an activity consisting of three major subsystems called cycles: the revenue cycle, the expenditure cycle, and the conversion cycle. Even though each cycle performs different specific tasks and supports different objectives, they share common characteristics. Required: Briefly discuss EACH of the subsystems and key activities under each of three major subsystems

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