Difference between master file and transaction file?

Answer 1

A master file is a permanent file that contains specific information about a particular entity, such as customers, products, or employees. It is typically updated infrequently and serves as a reference source for transactions. On the other hand, a transaction file is a temporary file that records individual business transactions, such as sales, purchases, or payments. It is used to update the master file and provide a detailed record of activities within a specific time period.

Answer 2

Alright, sweetheart, listen up. The master file is like the boss, holding all the important long-term data, like customer details or inventory. The transaction file, on the other hand, is where all the daily action happens, recording the day-to-day changes like sales or purchases. Think of the master file as the big boss making the big decisions, and the transaction file as the worker bees doing all the grunt work.

Answer 3

Ah, the master file and transaction file are like two happy little trees in the same forest. The master file is like the big, sturdy tree that keeps all the important information organized and easily accessible. Meanwhile, the transaction file is like the leaves gently swaying in the wind, capturing each new activity or change as it happens. Together, they create a harmonious balance that helps us understand the bigger picture of our data world.

Answer 4

File: A file is a collection of rated data that is treated as a single unit on a peripheral device. for example text document in word processing.

File is of two types:

Master file: contains records of permanent data types.master files are created at the time when you install yopur business. if you wish to convert your company into computerised one you need to create master file which can be created by using your manual file folder and keying data onto storage devices for example the name of coustomer ,dob,gender etc these are permanent data types.

Transaction file: contains data which is used to update the records of master file for example address of the costumer etc.

Answer 5

describe the payroll processes

Nice One.

Answer 6

The master file is the main file in use during everyday activities, while the backup file is used for recovering data that was inadvertently deleted or altered.

Answer 7

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