Match each of the numbered descriptions with the principle, component, or descriptor that it best reflects. Indicate your answer by entering the letter A through J in the blank provided. A. Control principle B. Relevance principle C. Compatibility principle D. Flexibility principle E. Cost-benefit principle F. Source documents G. Input devices H. Information processors I. Information storage J. Output devices 1. Capture information from source documents and transfer to information processing. 2. Keeps data accessible to information processors. 3. Systems that summarize information for use. 4. Means to take information out of an accounting system and make it available to users. 5. Provide the information processed by the accounting system. 6. Prescribes that benefits from an activity in a system outweigh the costs. 7. Prescribes that a system be adaptable to changes in the company, environment, and user needs. 8. Prescribes that a system conform with a company’s activities, personnel, and structure. 9. Prescribes that a system report useful, understandable, and timely information. 10. Prescribes that a system have internal controls.
Match each of the numbered descriptions with the principle, component, or descriptor that it best reflects.
Indicate your answer by entering the letter A through J in the blank provided. A. Control principle
B. Relevance principle
C. Compatibility principle
D. Flexibility principle
E. Cost-benefit principle
F. Source documents
G. Input devices
H. Information processors
I. Information storage
J. Output devices 1. Capture information from source documents and transfer to information processing.
2. Keeps data accessible to information processors.
3. Systems that summarize information for use.
4. Means to take information out of an accounting system and make it available to users.
5. Provide the information processed by the accounting system.
6. Prescribes that benefits from an activity in a system outweigh the costs.
7. Prescribes that a system be adaptable to changes in the company, environment, and user needs.
8. Prescribes that a system conform with a company’s activities, personnel, and structure.
9. Prescribes that a system report useful, understandable, and timely information.
10. Prescribes that a system have internal controls.
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