How does a history file differ from a voucher filer What imp

How does a history file differ from a voucher filer? What impact does each on the general ledger master file?

Solution

ANSWER :

The general history file has the same format as the general ledger master. Its primary purpose is to provide historical financial data for comparative financial reports.

whereas

The general voucher file is the total collection of the general vouchers processed in the current period. This file provides a record of all the ledger transactions and replaces the traditional general journal.

The general ledger master file is the principal file in the GLS database. This file is based upon the organisation\'s chart of accounts. Each record in GL master is either a separate GL a/c (for eg. : Sales account) or a control a/c for a corresponding subsidiary ledger in the transaction processing system.

Thus, The above explanation stands good for explaining the difference between history file and the voucher file and impact on master file.