Accounting orders. How to keep in order//?

Question

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

1. The principle prescribes the accounting information system to change in response to technological

advances and competitive pressures.

2. The principle prescribes the accounting information system to help monitor activities.

3. The principle prescribes the accounting information system to provide timely information

for effective decision making.

4. The principle prescribes the accounting information system to adapt to the unique characteristics

of the company.

5. The principle that affects all other accounting information system principles

Answer 1

1. The principle prescribes the accounting information system to change in response to technological advances and competitive pressures. D. Flexibility principle

2. The principle prescribes the accounting information system to help monitor activities. A. Control principle

3. The principle prescribes the accounting information system to provide timely information for effective decision making. B. Relevance principle

4. The principle prescribes the accounting information system to adapt to the unique characteristics of the company. C. Compatibility principle

5. The principle that affects all other accounting information system principles E. Cost-benefit principle