Master data and transaction data are synonymous.

Name: Master data and transaction data are synonymous.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Master data and transaction data are not synonymous. Master data refers to the primary and essential data that is required to run an organization or business, such as customer information, vendor information, and product information. Transaction data, on the other hand, refers to the business activities that occur within an organization, such as sales, purchases, and payments.

Master Data and Transaction Data Are Synonymous