Which of these is a content of a master file?

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Accounts - Principles of Accounts JAMB 2017

Which of these is a content of a master file?

  • All records relevant to the organisation. checkmark
  • Records of assets of the organisation
  • A collection of data items
  • All records relating to employees

The correct answer is: 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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