difference between transaction data and master data

[irfan9324]

can anyone please explain what is transaction data and what is the master data

[irfan9324]

Can you tell what do we classify the configuration of sales document type using vov8, (ie we create doc type ,assign num ranges , assign sales area) . I mean is this configuration data or master data or transactional data

[Former Member]

Master data :is data that remains unchanged over a period of time. It contains information that is always needed in the same way. For example, all personal attributes can be stored in various SAP standard infotypes as records with specific validity which are called Master data.

Transaction data: Data relating to the day-to-day transactions.