A master file exists across fiscal periods and stores cumulative information

Identify the four parts of the transaction processing cycle.
A) data input, data storage, data processing, information output
B) data input, data recall, data processing, information output
C) data input, data recall, data transmission, information output
D) data input, data recall, data transmission, data storage
Answer: A

What is a master file in AIS?

Master File. A permanent file of records that reflects the current status of relevant business items such as inventory and accounts receivable. The master file is updated with the latest transactions from the current transaction file.

Which of the following are contained in a master file quizlet?

Some common data found in the master file are account number, description, account balance, debit/credit, current balance, etc.

What is the best way to ensure that sales data entry is efficient and accurate?

Following that, here are some suggestions to ensure data entry accuracy:.
Concentrate on Data That Is Useful. ... .
Examine and Analyze Errors. ... .
Standardize Processes. ... .
Introduce Smart Automation tools like Machine Learning. ... .
Observe and Provide Feedback..

Which of the following is conceptually similar to a journal in a manual AIS database master file record transaction file?

Transaction File - A file that contains the individual business transactions that occur during a specific fiscal period. A transaction file is conceptually similar to a journal in a manual AIS.