Introduction to Third Generation Computers
The third generation computers were come into existence in the year 1964. They employed Integrated Circuits (ICs) in it. These (Integrated Circuits) ICs are generally known as Chips. A single IC (Integrated Circuit) has several transistors, registers and capacitors that developed a single thin slice of silicon. Thus it is fairly obvious that the size of the computer got further decreased. A number of the computers built up during this period were ICL-1900, IBM-360, IBM-370, and VAX-750. Higher level language like BASIC (Beginners All purpose Symbolic Instruction Code) was built up during this period.
Computers of third generation were low cost, large memory, small in size, and processing speed is extremely high.
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The group income statement follows very identical principles to those which apply to the statement of financial position.
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