A master file is comparable to a subsidiary ledger in a computerized environment because it contains the detailed, individual account information, such as individual customer balances for accounts receivable, which the general ledger account balance summarizes. Subsidiary ledgers are used in manual systems to provide this detail, while master files in a computerized system serve the same purpose of storing a complete record for each item, customer, or supplier.
Subsidiary ledgers are used in manual accounting environments. What file is comparable to a subsidiary ledger in a computerized environment?
Review the verified answer and explanation for this Audit past-paper question on CampusFin.
Question context
This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the Audit preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.