Enter the number of the following terms on the line next to the appropriate definition of each.1.The component of an accounting system that makes information from an accounting system available to users.Accounting information system 2.The means of collecting and processing data from transactions and events, organizing them into useful reports, and communicating results to decision makers.Purchases journal?3.A record of the separate accounts of each supplier that supports its general ledger controlling account.Cash receipts journal?4.The component of an accounting system that keeps data in a form accessible to information processors.Control principle?5.The special journal used to record all receipts of cash.Relevance principle?6.The special journal that is used to record all
cash payments.Information storage?7.The component of an accounting system that takes source document information and transfers it to the information processor.Cash payments journal?8.An information system principle that prescribes that an accounting system have methods and procedures allowing managers to control and monitor business activities.Accounts payable ledger?9.The special journal used to record all purchases made on account.Output devices?10.An information system principle requiring that an accounting system report useful, understandable, and timely information for decision making.Input devices?
What will be an ideal response?
| 1.The component of an accounting system that makes information from an accounting system available to users. | Accounting information system | 2 |
| 2.The means of collecting and processing data from transactions and events, organizing them into useful reports, and communicating results to decision makers. | Purchases journal | 9 |
| 3.A record of the separate accounts of each supplier that supports its general ledger controlling account. | Cash receipts journal | 5 |
| 4.The component of an accounting system that keeps data in a form accessible to information processors. | Control principle | 8 |
| 5.The special journal used to record all receipts of cash. | Relevance principle | 10 |
| 6.The special journal that is used to record all cash payments. | Information storage | 4 |
| 7.The component of an accounting system that takes source document information and transfers it to the information processor. | Cash payments journal | 6 |
| 8.An information system principle that prescribes that an accounting system have methods and procedures allowing managers to control and monitor business activities. | Accounts payable ledger | 3 |
| 9.The special journal used to record all purchases made on account. | Output devices | 1 |
| 10.An information system principle requiring that an accounting system report useful, understandable, and timely information for decision making. | Input devices | 7 |
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