Which statement best describes the IAR BOS Summary File?

Which statement best describes the IAR BOS Summary File?

• A. It lists only specific tickets
• B. It lists all ticket transactions for a PED
• C. It cannot be used for reconciliation
• D. It excludes all transactions not remitted

Answer: (B)

The file is meant to provide a complete record of every ticket transaction for a PED in the reporting period. Because it captures all transactions, it serves as a reliable basis for reconciliation—allowing you to match totals against remittance records and spot any discrepancies. If it only listed some tickets, you’d miss items and reconciliation wouldn’t be trustworthy. Saying it cannot be used for reconciliation goes against its purpose as a comprehensive ledger, and excluding transactions not remitted would hide data needed to understand the full cash flow and balances. Therefore, listing all ticket transactions for a PED is the correct description.

The file is meant to provide a complete record of every ticket transaction for a PED in the reporting period. Because it captures all transactions, it serves as a reliable basis for reconciliation—allowing you to match totals against remittance records and spot any discrepancies. If it only listed some tickets, you’d miss items and reconciliation wouldn’t be trustworthy. Saying it cannot be used for reconciliation goes against its purpose as a comprehensive ledger, and excluding transactions not remitted would hide data needed to understand the full cash flow and balances. Therefore, listing all ticket transactions for a PED is the correct description.