The principle of an efficient accounting system that states that an accounting system should accommodate a variety of users is

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Flexibility is the principle that an accounting system should accommodate a variety of users, such as managers, investors, creditors, and government regulators, and be able to adapt to changing needs and requirements. A rigid system that caters to only one group or set of requirements may not be efficient in serving the needs of all users. The other principles, such as cost-effectiveness, usefulness, and implementation, are also important but do not specifically relate to accommodating multiple users.

The Principle of an Efficient Accounting System That States That