What File in a Computerized Accounting System Corresponds to a Special

question 16

Multiple Choice

What file in a computerized accounting system corresponds to a special journal in a paper-based system?

• A) Transaction file.
• B) Master file.
• C) Open file.
• D) Reference file.

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Definitions:

Par Value

The face value of a bond or stock, typically the value printed on the certificate, which does not necessarily reflect its market value.

Treasury Bond

Long-term government debt securities issued by the U.S. Department of the Treasury, with maturity periods typically ranging from 20 to 30 years, considered low-risk investments.

Annual Coupon

The yearly interest payment made by a bond issuer to its bondholders, usually fixed at the time of issuance.

Yield to Maturity

The total expected return on a bond if held until its maturity date, considering all payments from interest and principal, expressed as an annual rate.