Catarina Boards is a skateboard retailer located in Pueblo,New Mexico.Catarina Boards is a sole proprietorship that stocks an inventory of between 30 and 50 different skateboards.Inventory is updated in real time by the AIS.If Catarina wishes to keep detailed information about the purchase price of each skateboard in a place outside of the general ledger,it might use a
A)relational ledger.
B)transaction file.
C)master file.
D)specific ledger.

Question

Quizplus · Accepted Answer

Catarina Boards can use a transaction file to keep detailed information about the purchase price of each skateboard. Transaction files are used to record specific transactions, such as purchases, and can provide detailed information that is not available in the general ledger or master files. This would allow Catarina to keep track of the cost of each skateboard without cluttering up the general ledger with too much unnecessary information.

Catarina Boards Is a Skateboard Retailer Located in Pueblo,New Mexico