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2 months ago
The transaction cycle approach yields efficiencies when processing of a large number of transactions because

• a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types.

• transaction cycles are easier to computerize.

• the transaction cycle approach represents the natural order of business.

• transaction cycles are easy to understand.
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Accounting Information Systems
Edition: 14th
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a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types.
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