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The main purpose of transaction file is?

The main purpose of transaction file is?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A To record assets and liabilities
  • B To update income and expenses
  • C To make organization decision
  • D To update master files
Correct Answer: Option D
Explanation:
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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