Accounting software traditionally uses two different types of files.The file type that is the set of relatively temporary records that will be process to update the permanent file is referred to as a(n):
A)Master File
B)General File
C)Transaction File
D)Subsidiary File

Question

Quizplus · Accepted Answer

A transaction file is a set of relatively temporary records that are processed to update the permanent records in the master file. The master file is the permanent file that contains the records of the organization's activities over time. The general file is not a commonly used term in accounting software. A subsidiary file is a separate file that contains detailed information about a specific master file record.

Accounting Software Traditionally Uses Two Different Types of Files