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Which of these is a content of a master file?

Accounts - Principles of Accounts
JAMB 2017
Which of these is a content of a master file?
  • A. All records relevant to the organisation.
  • B. Records of assets of the organisation
  • C. A collection of data items
  • D. All records relating to employees
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Correct Answer: Option A
Explanation
All record relevant to the organization: the records which are only relevant to the organization such as the name and address as well as summary information such as amount due and year to date sales will be in master file
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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