What file in a computerized accounting system corresponds to a pending file in a paper-based system?
A) Transaction file.
B) Master file.
C) Open file.
D) Reference file.

Question

Quizplus · Accepted Answer

A pending file in a paper-based system contains documents that are not yet finalized or completed. Similarly, an open file in a computerized accounting system contains transactions that are not yet complete and need to be finalized. Therefore, the best choice is C, which corresponds to an open file in a computerized accounting system. The transaction file (A) contains all the transactions in chronological order, the master file (B) contains information about the entities involved in the transactions, and the reference file (D) contains additional information or codes that are used to categorize transactions but do not correspond to a pending file in a paper-based system.

What File in a Computerized Accounting System Corresponds to a Pending