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High volume data to and from stored procedure

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I want to design a couple of stored procedures of which one would receive a high volume of data and another will return a high volume of data. This is for an accounting solution where input of one proc are the journal lines of an accounting entry. The output of another is something like a trial balance or detailed ledger list. I have a few options (XML for input and XML for output, also option to pass/retrieve dataset rows asynchronously in blocks). Is there a more preferred way to do it than this?

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