Matching
Match the following terms with the appropriate definitions.
Premises:
A measure of the profitability of a segment,calculated as segment operating income divided by segment average assets.
A general ledger account,the balance of which (after posting)equals the sum of the balances of the accounts in a related subsidiary ledger.
A list of each customer from the accounts receivable ledger with their balances and the total.
The special journal that is used to record all receipts of cash.
An information system principle requiring that an accounting information system conform with a company's activities,personnel,and structure.
The component of an accounting system that keeps data in a form accessible to information processors.
A journal used to record sales of merchandise on credit.
An information system principle requiring that the benefits from an activity in an accounting information system outweigh the costs of that activity.
A journal used to record all purchases on credit.
Any journal used for recording and posting transactions of a similar type.
Responses:
Cash receipts journal
Controlling account
Segment return on assets
Sales journal
Information storage
Special journal
Schedule of accounts receivable
Purchases journal
Compatibility principle
Cost-benefit principle
Correct Answer:
Premises:
Responses:
A measure of the profitability of a segment,calculated as segment operating income divided by segment average assets.
A general ledger account,the balance of which (after posting)equals the sum of the balances of the accounts in a related subsidiary ledger.
A list of each customer from the accounts receivable ledger with their balances and the total.
The special journal that is used to record all receipts of cash.
An information system principle requiring that an accounting information system conform with a company's activities,personnel,and structure.
The component of an accounting system that keeps data in a form accessible to information processors.
A journal used to record sales of merchandise on credit.
An information system principle requiring that the benefits from an activity in an accounting information system outweigh the costs of that activity.
A journal used to record all purchases on credit.
Any journal used for recording and posting transactions of a similar type.
Premises:
A measure of the profitability of a segment,calculated as segment operating income divided by segment average assets.
A general ledger account,the balance of which (after posting)equals the sum of the balances of the accounts in a related subsidiary ledger.
A list of each customer from the accounts receivable ledger with their balances and the total.
The special journal that is used to record all receipts of cash.
An information system principle requiring that an accounting information system conform with a company's activities,personnel,and structure.
The component of an accounting system that keeps data in a form accessible to information processors.
A journal used to record sales of merchandise on credit.
An information system principle requiring that the benefits from an activity in an accounting information system outweigh the costs of that activity.
A journal used to record all purchases on credit.
Any journal used for recording and posting transactions of a similar type.
Responses:
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