Which file has as its primary purpose to present comparative financial reports on a historic basis?
A)journal voucher history file
B)budget master file
C)responsibility file
D)general ledger history file

Question

Quizplus · Accepted Answer

The general ledger history file is used to present financial reports on a historic basis, such as comparative financial statements for different periods. The journal voucher history file maintains a record of all journal entries made to the accounting system. The budget master file contains information on the budget for a particular period. The responsibility file tracks the responsibilities of different departments or individuals within an organization. None of these files are specifically designed for presenting comparative financial reports.

Which File Has as Its Primary Purpose to Present Comparative