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What is the main purpose of transaction file?

Accounts - Principles of Accounts
JAMB 2017
What is the main purpose of transaction file?
  • A. To record assets and liabilities
  • B. To update income and expenses
  • C. to update master files
  • D. to make organization decision
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Correct Answer: Option C
Explanation
The main purpose of organization file is to update the master file of the organization
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