Which of the following files is not owned by the account receivable application in a conventional accounting system?
A) Open customer invoice file
B) Customer master file
C) Cash receipts transaction file
D) Vendor master file

Question

Quizplus · Accepted Answer

The vendor master file belongs to the accounts payable function, therefore it is not owned by the accounts receivable application. The open customer invoice file, customer master file, and cash receipts transaction file all belong to the accounts receivable function.

Which of the Following Files Is Not Owned by the Account