ANSWER THE FOLLOWING QUESTIONS CORRECTLY

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QS 7-1
Place the letter of each system principle in the blank next to its best description.
A. Control principle               D. Flexibility principle
B. Relevance principle            E. Cost-benefit principle
C. Compatibility principle



QS 7-3
Identify the most likely role in an accounting system played by each of the numbered items 1 through 12 by assigning a letter from the list A through E on the left:
A. Source documents   
B. Input devices
C. Information processors
D. Information storage
E. Output devices

 

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