POS= Point of Sale
It take place where the transaction occurs. We can also say that it takes place at the check out point.POS system generally includes the hardware and software devices or components ,such as computer ,monitor ,cash drawer ,receipt printer, customer display, barcode scanner and other suitable software.Pos system are generally use for the reporting purposes, sales cost volume profit analysis ,it also give the information regarding the cost of goods purposes and we can use many other purposes for to take future decision in the business.
In the conclusion we can say that are that system or it performs where the product and services are purchased.
Benefit of POS System speed ,accuracy due to the high quality software are installed on it POS system are highly show the accurate and reliable result with a great speed.
Current POS systems do not differ in term of function
The current Pos system is not differ in the terms of function as they such as they use same method and system as they describe in the article.
Current Pos system function operates through cash register ,Quick books ,it also uses point of sale scanner ,inventory management tool like Pos system describe in the article,.
Current point of sale system includes like components like hardware and software components such as computers, scanners, cash drawer, receipt printer, weight scale signature capture devices etc. Similar to the hardware and software devices as mentioned in the article .Current Pos generally occurs or operates at the check out point or usually at the counter like it is mentioned at the article.
The other function like “Back office” inventory control, purchasing ,receiving and method of sales of products are also similar to the article.
Q no 2
As we know that pos system was introduced by the business sectors to develop and introduce a new facility to its consumers or customers. Technically they have a system which provides a pure form on line pin
References: Accounting information systems eleventh edition{marshall b Romney and paul john steinbart}page 370-372,660-662 www.retailsystems.com.au www.freshpatents.com.au www.resources.bnet.com/bank/pointofsale.html{page 14-23} www.wikipedia.com www.freedombookkeeping.com www.ehow.com www.familybusiness_experts.com