TRANSACTION FILE Definition

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TRANSACTION FILE is a collection of transaction records. The data in transaction files is used to update the master files, which contain the data about the subjects of the organization (customers, employees, vendors, etc.). Transaction files also serve as audit trails and history for the organization.

Learn new Accounting Terms

INSERTION ORDER, in marketing, is an agreement that specifies aspects related to an advertising campaign.

TREASURY SHARE see TREASURY STOCK.

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