What is the name given to the file that keeps a record of receipts into stock, issues from stock and a running balance?
A) Transaction file
B) Item master file
C) Product file
D) Location file

Question

Quizplus · Accepted Answer

The file that keeps a record of receipts into stock, issues from stock and a running balance is called the transaction file. The item master file contains information about each product, the product file contains information about a group of related products, and the location file contains information about the physical location of inventory items.

What Is the Name Given to the File That Keeps