What type of file is used to store data about transactions that have been started but not completed?
A) Transaction
B) Master
C) Open
D) Reference

Question

Quizplus · Accepted Answer

An open file is used to store data about transactions that have been started but not completed. This is commonly used in accounting software to keep track of pending transactions that have not yet been posted to the ledger. Choice A (Transaction) is too general and could refer to any type of data file that stores transactional information. Choice B (Master) typically refers to a file that contains a list of records or items, such as a customer master file or product master file. Choice D (Reference) is also too general and could refer to any type of file that contains reference information, such as a dictionary or encyclopedia.

What Type of File Is Used to Store Data About