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Accounting Systems and Special Journals

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Accounting Information Systems and Special Journals
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Accounting Information Systems and Special Journals

QUICK STUDY 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. Compatability principle

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

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

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

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

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

QUICK STUDY 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 _ 1. Bar Code Reader B. Input Devices _D _ 2. Filing Cabinet C. Information processors _A _ 3. Bank Statement D. Information Storage _B _ 4. Computer Scanner E. Output Devices _B _ 5. Computer Keyboard
_D _ 6. Zip Drive
_E _ 7. Computer Monitor
_A _ 8. Invoice from a supplier
_C _ 9. Computer software
_E _10. Computer printer
_B _11. Digital camera
_E _12. MP3 player

EXERCISE 7-1

Sales Journal | Date | Account Debited | Invoice Number | PR | Accounts Receivable Dr. Sales Cr. | Cost of Goods Sold Dr. Inventory Cr. | Mar. 7 | J. Dryer | 5704 | √ | 1,150 | 800 | 12 | R. Land | 5705 | √ | 320 | 200 | 25 | T. Burton | 5706…...

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