Table of Contents
- 1 What are master and transaction files?
- 2 What are master files?
- 3 What is transaction file example?
- 4 What are the two main types of files?
- 5 What is a master file what is the purpose of having a transaction file?
- 6 What are the transaction files?
- 7 What does it mean to do a batch transaction?
- 8 What is the difference between real time processing and batch processing?
- 9 Which is part of the transaction processing cycle?
What are master and transaction files?
A FILE IS A COLLECTION OF ORGANIZED DATA. (A GROUP OF RECORDS.) MASTER FILES – CONTAIN PERMANENT OR SEMI-PERMANENT DATA. TRANSACTION OR ACTIVITY FILES (TEMPORARY) – DESIGNED TO CAPTURE TRANSACTION OR EVENT DATA. BECAUSE TRANSACTION FILES ARE USED TO UPDATE MASTER FILES, THEY OFTEN LINK APPLICATIONS TOGETHER.
What are master files?
A collection of records pertaining to one of the main subjects of an information system, such as customers, employees, products and vendors. Master files contain descriptive data, such as name and address, as well as summary information, such as amount due and year-to-date sales.
What is the difference between master and transaction files?
Master file: contains records of permanent data types. Transaction file: contains data which is used to update the records of master file for example address of the costumer etc.
What is transaction file example?
BECAUSE TRANSACTION FILES ARE USED TO UPDATE MASTER FILES, THEY OFTEN LINK APPLICATIONS TOGETHER. The data normally stored in journals in a traditional accounting system are examples of transaction files. An example would be the OPEN SALES ORDER FILE, OPEN PURCHASE ORDER FILE, OR OPEN INVOICE FILE.
What are the two main types of files?
There are two types of files. There are Program files and Data Files. Program files, at heart, can be described as files containing software instructions. Program files are then made up by two files called, source program files and executable files.
What is the purpose of master file?
Master file is a report on a multinational/international (MNE) group or its division, usually prepared by the parent company. This file provides information on group’s international business activities and its transfer pricing policies on the most usual transactions between its members.
What is a master file what is the purpose of having a transaction file?
A transaction file is used to hold data during transaction processing. The file is later used to update the master file and audit daily, weekly or monthly transactions. For example in a busy supermarket, daily sales are recorded on a transaction file and later used to update the stock file.
What are the transaction files?
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.
What are the common types of files?
5 types of document files
- Portable document format (PDF) A PDF file is a common file type in many work environments.
- Word document (DOC and DOCX)
- Hypertext markup language (HTML and HTM)
- Microsoft excel spreadsheet file (XLS and XLSX)
- Text file (TXT)
What does it mean to do a batch transaction?
What does batching transactions mean? Batching transactions (also known as batch clearing, batch processing, and dual message processing), is when a merchant takes a “batch” of authorization requests and sends them to the processor to be settled.
What is the difference between real time processing and batch processing?
Basically, if process transaction data, we can detect that signal fraud in real time. Also, can stop fraudulent transactions before they take place, through real-time processing. Real-Time processing helps to compute a function of one data element. Also, can say it computes a smallish window of recent data.
Where did the idea of batch processing come from?
Batch processing started with punch cards, which were tabulated into instructions for computers. Entire decks, or batches, of cards, would be processed at one time. This system, created by Herman Hollerith, goes as far back as 1890. Hollerith developed it to be used to process data from the U.S. Census.
Which is part of the transaction processing cycle?
Transaction Processing cycle:-Transaction processing systems capture and process data describing business transactions. Then they update organizational files and databases and produce a variety of information products for internal and external use. Transaction processing systems generally go through a five-stage cycle of 1) Data entry activities