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What is the main purpose of transaction file?

What is the main purpose of transaction file?
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 update master files
  • D To make organization decision
Correct Answer: Option C
Explanation:
The main purpose of organization file is to update the master file of the organization

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