The document discusses master files and transaction files. The master file contains long-term or permanent data like customer, supplier, and inventory information. The transaction file records daily events like purchases, sales, receipts, and payments. It can add new customers, update accounts, and record transactions on an ongoing basis. The master file is updated less frequently with information like payment terms,
The document discusses master files and transaction files. The master file contains long-term or permanent data like customer, supplier, and inventory information. The transaction file records daily events like purchases, sales, receipts, and payments. It can add new customers, update accounts, and record transactions on an ongoing basis. The master file is updated less frequently with information like payment terms,
The document discusses master files and transaction files. The master file contains long-term or permanent data like customer, supplier, and inventory information. The transaction file records daily events like purchases, sales, receipts, and payments. It can add new customers, update accounts, and record transactions on an ongoing basis. The master file is updated less frequently with information like payment terms,
a, Prepare weekly payroll checks c, Prepare daily bank deposits
b, Purchase goods from an online ( E- e, Make a cash withdrawal at an ATM commerce ) store d, Prepare municipality bills for water and f, Purchase bus tickets online electricity h, Purchase clothing from your favorite g, Transfer money to your mother via retail outlet at the local mall money transfer at the local grocery store
forever) a, Add a new customer b, Record purchase of raw materials d, Update supplier payment terms c) Change the tax percentage on taxable goods ( Sai ) g, Update accounts receivable balance e, Record sales j, Update customer balance f, Record employee commission on sales k, Update customer contact details h, Update unit prices of selected stock items ( sai ) c) Change the tax percentage on taxable i, Record cash receipts goods h, Update unit prices of selected stock l, Record payroll checks items