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What do you understand by the documentation type of application software on the computer system?

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What do you understand by the documentation type of application software on the computer system? Document file application included the text data options to edit the text data in the pages on the application to make a change into the entered text data. The user can type text data using the keyboard input device because the keyboard input device is used to send the data into the document file application software and it allows the keyboard input device to take input data and some mouse input device to make an editing work on the document file application software. Document application provides the text data file to the user when the user gives a command to generate the new file then the file will be generated from the application software. The user can use the file when the user wants to edit on the file through the application software to apply some editing operations such as:- the text data can be edited from the editing options available on the application software to perform in form

Discuss the application of information technology in banking?

Discuss the application of information technology in banking?

These banking applications are in a short description... like (Inventory control/financial system/accounting/investment analysis)

  • Bank uses computers to provide the online services to customers and to answer other queries regarding their bank balance, etc.
  • To handle cash, banks use cash dispensing machines.
  • Computer also facilitates electronic transfer of funds from one account to another.
  • All that a customer needs to do is keys in his identification number and the transaction details on the terminal’s keyboard. 
  • Immediately, the amount he specifies will be transferred from his account to the other account which he has specified.

Inventory control

  • Inventory means a list of goods. 
  • In organizations goods  such as raw material, finished products spares consumables etc. are kept in stock so that whenever the need arises these items are available off shelf. 
  • The business does not suffer on account of non-availability of the products.

Financial account system

  • Financial system is one that deals with transaction of money among different organizations or individuals. 
  • The system can be divided into Financial accounting and Management accounting.

Accounting 

  • Specialized software packages are used to handle accounts in medium sized companies. 
  • Accounting programs are used for data entry, billing, accounts receivable, accounts payable, inventory control, sales analysis, tax calculation, pay-roll preparation, auditing, budget analysis etc. are uses in tally ERP 9 software.

Investment analysis

  • Computers are used for analyzing investments for maximum returns. 
  • Many companies issue shares, debentures, etc. 
  • Some people relay on brokers or financial managers for taking decisions. 
  • But others like to analyze shares themselves using computers.

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