Question 147. Match the items below by entering the appropriate code letter in the sp

147. Match the items below by entering the appropriate code letter in the space provided.

A. Cost effectiveness F. Subsidiary ledger

B. Enterprise resource planning systems G. Control account

C. General ledger accounting system H. Accounts receivable ledger

D. Manual accounting system I. Accounting information system

E. Special journals J. Flexibility

_____ 1. A general ledger account which summarizes detailed information in a subsidiary ledger.

_____ 2. Benefits of information must exceed the cost of providing it.

_____ 3. The accounting system should accommodate a variety of users.

_____ 4. Software programs that integrate various accounting functions.

_____ 5. Group of accounts with a common characteristic which provides detailed information.

_____ 6. Collects and processes transaction data and communicates financial information.

_____ 7. Integrate all aspects of the organization, including accounting, sales, and manufacturing.

_____ 8. Used to record high volume, similar type transactions.

_____ 9. Transactions are journalized and posted by hand.

_____ 10. A subsidiary ledger that contains individual customer accounts.

Ans: N/A, LO: 1, Bloom: K, Difficulty: Easy, Min: 5, AACSB: Technology, AICPA BB: Industry/Sector Perspective, AICPA FN: Measurement, AICPA PC: None, IMA: Business Applications