Instructions: Match the terms given below with the definitions or descriptions that follow by placing the appropriate letter in the space provided. A.Control accountD.Special journal B.Cost effectivenessE.Subsidiary ledger C.FlexibilityF.Usefulness ____ 1.Used to record similar types of transactions. ____ 2.The accounting system should accommodate a variety of users and changing information needs. ____ 3.An account in the general ledger that controls a subsidiary ledger. ____ 4.A group of accounts with a common characteristic. ____ 5.The benefits of information must outweigh the cost of providing it. ____ 6.Information must be understandable, relevant, reliable, timely, and accurate
Instructions: Match the terms given below with the definitions or descriptions that follow by placing the appropriate letter in the space provided.
A.Control accountD.Special journal
B.Cost effectivenessE.Subsidiary ledger
C.FlexibilityF.Usefulness
____ 1.Used to record similar types of transactions.
____ 2.The accounting system should accommodate a variety of users and changing information needs.
____ 3.An account in the general ledger that controls a subsidiary ledger.
____ 4.A group of accounts with a common characteristic.
____ 5.The benefits of information must outweigh the cost of providing it.
____ 6.Information must be understandable, relevant, reliable, timely, and accurate
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