Accredited ACH Professional (AAP) Practice Exam

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Prepare for the Accredited ACH Professional (AAP) Exam with tailored questions and study materials to enhance your understanding of ACH transactions and operations. Test your skills and readiness for this important certification!

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.