Changing a customer's credit limit would be recorded where?
A)Customer master file.
B)Customer transaction file.
C)Special journal.
D)Customer update file.

Question

Quizplus · Accepted Answer

The customer master file contains all the key information about a customer, including their credit limit. Changing the credit limit would require updating this file. The customer transaction file records individual transactions, not changes to the customer's credit limit. A special journal is used for specific types of transactions, but changing a credit limit is a routine administrative task. The customer update file is not a common accounting term.

Changing a Customer's Credit Limit Would Be Recorded Where