In a computer-based transaction system which of the following serves as the journal?
A)Master file
B)Transaction file
C)Accumulation file
D)Data file

Question

Quizplus · Accepted Answer

In a computer-based transaction system, the transaction file serves as the journal. This file records all the transactions that occur during a specific period, and it is used to update the master file. The accumulation file and data file are not typically used as journals, and the master file is updated from the transaction file, not the other way around.

In a Computer-Based Transaction System Which of the Following Serves