Accounting Software Traditionally Uses Two Different Types of Files

question 37

Multiple Choice

Accounting software traditionally uses two different types of files.The file type that is relatively permanent and used to maintain the detailed data for each major process is a(n) :

• A)General Ledger
• B)Master File
• C)Transaction File
• D)Subsidiary File

---

Definitions:

Production Possibilities Curves

A graphical representation showing the maximum number of goods or services that can be produced with limited resources.

Specialize

The process by which individuals or entities focus on producing a limited range of goods or services to gain greater efficiency and productivity.

Export

The sale of goods or services from one country to another.

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods that can be produced with available resources and technology.