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Difficulty: HardComputerized Data Processing and Business Records Management

A commercial bank's automated record system maintains customer account balance details that are periodically updated, alongside daily log files recording individual cash withdrawals. How are these two types of computer records classified?

  1. Master file and transaction fileAnswer
  2. B
    Transaction file and master file
  3. C
    Reference file and backup file
  4. D
    Master file and reference file

Answer

The files are classified as a master file and a transaction file respectively.
In computerized data processing, master files maintain baseline customer information and accumulative monetary balances, while transaction files capture individual operational events (such as withdrawals) used to update those master balances during processing cycles.

Step-by-Step Solution

1
Analyze the nature of the first computer file (account balance details updated periodically).
Identified as a master file, which stores ongoing, semi-permanent ledger details of an entity.
Master files preserve core business records that summarize current balances and static entity attributes.
2
Analyze the nature of the second computer file (daily log files recording individual withdrawals).
Identified as a transaction file, which captures input data concerning routine individual business events.
Transaction files collect operational details over a specific processing period to update master records.

Key Concept

Classification of Electronic Business Records (Master Files vs Transaction Files)
Estimated Time:1m 30s
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Topics

Computerized Data Processing and Business Records Management

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