A Transaction File Is Primarily Used to Update a Master

question 5

True/False

A transaction file is primarily used to update a master file.

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Definitions:

Sustainability Information

Data and metrics regarding the environmental, social, and economic impacts of a company's operations, used for assessing long-term viability.

Greenhouse Gas Emissions

The release of gases into Earth's atmosphere that trap heat, causing the greenhouse effect and contributing to global warming and climate change.

FASB Requirements

Guidelines and standards for financial accounting and reporting in the United States issued by the Financial Accounting Standards Board.

Accounting Standards

The rules that determine the accounting for individual business transactions.