List and explain the six basic files in the general ledger database
The general ledger master file is the main file on the general ledger database. It is based on the firm's chart of accounts. Each record is either a separate general ledger account (e.g., sales) or a control account (e.g., the accounts payable control) for one of the subsidiary ledgers.
The general ledger history file contains the same information for prior periods.
The journal voucher file contains all of the journal vouchers processed in the current period.
The journal voucher history file contains journal vouchers for past periods.
The responsibility center file contains the revenues, expenses, and other data for individual responsibility centers.
The budget master file contains budgeted amounts for responsibility centers.
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