Which of the following defines a master file in a computerized system?
A) A file for storing data on pending items such as sales orders
B) A file for storing data on day-to-day operations such as sales
C) A file for storing detailed information about general ledger control accounts (similar to a subsidiary ledger)
D) A file for storing backup data

Question

Quizplus · Accepted Answer

A master file in a computerized system is a file that contains detailed information about general ledger control accounts, which is similar to a subsidiary ledger. It helps in maintaining accurate accounting records and facilitates efficient and effective financial reporting. The other options listed are not accurate descriptions of a master file.

Which of the Following Defines a Master File in a Computerized