What file in a computerized system is equivalent to the accounts payable subsidiary ledger in a manual system?
A) Vendor master file
B) General ledger master file
C) Sales order open file

Question

Quizplus · Accepted Answer

The vendor master file in a computerized system functions similar to the accounts payable subsidiary ledger in a manual system. It contains detailed information on each vendor, including open and historical invoices and payments. It is used to keep track of individual vendor balances and transactions. The general ledger master file contains summary-level information and does not provide the same level of detail as the vendor master file. The sales order open file tracks customer orders and would not be equivalent to the accounts payable subsidiary ledger.

What File in a Computerized System Is Equivalent to the Accounts