What File in a Computerized Accounting System Corresponds to a Paper

question 78

Multiple Choice

What file in a computerized accounting system corresponds to a paper subsidiary ledger in a paper-based system?

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

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Definitions:

High Risk

Refers to investments or financial decisions that carry a high potential for loss in conjunction with the possibility of generating significant returns.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data points from its mean, commonly used to gauge volatility in finance.

Diversified Portfolio

An investment strategy that spreads investments across various asset classes to reduce risk and increase the potential for returns.

Stand-Alone Basis

Evaluating or considering something independently from other entities or factors, often used in financial analysis or investment decision making.