Accredited ACH Professional (AAP) Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the Accredited ACH Professional (AAP) exam with our comprehensive study materials and quizzes. Enhance your knowledge with real exam-like questions and get ready to excel!

Practice this question and more.

Which of the following items is an example of a Transaction Set?

Stock Record
Sales Report
Customer Invoice
Market Analysis

The correct answer is: Customer Invoice

A Transaction Set refers to a structured collection of data that represents a specific business transaction in an electronic format. Customer invoices are designed to capture detailed information about a sale, including the products or services provided, quantities, prices, payment terms, and total amounts due. This structured data can be easily processed and exchanged between businesses or systems, making it a prime example of a Transaction Set. In contrast, stock records, sales reports, and market analysis do not typically represent a single, discrete transaction. Stock records track inventory levels, sales reports aggregate sales data over a period, and market analysis involves the examination of market trends and conditions without focusing on a specific transaction. Therefore, these items do not fit the definition of a Transaction Set as clearly as a customer invoice does.