Solved

Match the Items Below by Entering the Appropriate Code Letter

Question 139

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. Cost effectiveness
B. Enterprise resource planning systems
C. General ledger accounting system
D. Manual accounting system
E. Special journals
F. Subsidiary ledger
G. Control account
H. Accounts receivable ledger
I. Accounting information system
J. Flexibility
1. A general ledger account which summarizes detailed information in a subsidiary ledger.
2. Benefits of information must exceed the cost of providing it.
3. The accounting system should accommodate a variety of users.
4. Software programs that integrate various accounting functions.
5. Group of accounts with a common characteristic which provides detailed information.
6. Collects and processes transaction data and communicates financial information.
7. Integrate all aspects of the organization, including accounting, sales, and manufacturing.
8. Used to record high volume, similar type transactions.
9. Transactions are journalized and posted by hand.
10. A subsidiary ledger that contains individual customer accounts.

Correct Answer:

verifed

Verified

1. G 6. I
2. A 7. B
...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents