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

Question

Quizplus · Accepted Answer

The transaction file in a computerized accounting system corresponds to a special journal in a paper-based system. This is because the transaction file is where all financial transactions are recorded and sorted by type, much like how special journals are used to record specific types of transactions in a paper-based system. The other options, master file, open file, and reference file, do not have the same correspondence to special journals in a paper-based system.

What File in a Computerized Accounting System Corresponds to a Special