The main purpose of transaction file is
...The main purpose of transaction file is
To record assets and liabilities
To update income and expenses
To make organization decision
To update master files
Correct answer is D
A transaction file is used to hold data during transaction processing. The file is later used to update the master file and audit daily, weekly or monthly transactions.
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\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...