Matching
Match the following definitions with the appropriate term
Premises:
An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.
The use of resources to research, develop, purchase, produce, distribute, and market products and services.
The acquisition and disposal of resources that an organization uses to acquire and sell products and services.
The idea that accounting information is based on actual cost.
Source of the means organizations use to pay for resources such as land, buildings, and equipment to carry out plans.
Persons using accounting information who are not directly involved in the running of the organization.
The part of accounting that involves recording transactions and events, either electronically or manually.
Beliefs that distinguish right from wrong.
Persons using accounting information who are directly involved in managing the organization.
Concern for the impact of actions on society.
Responses:
Accounting
Recordkeeping
External users
Internal users
Operating activities
Investing activities
Financing activities
Ethics
Social responsibility
Cost principle
Correct Answer:
Premises:
Responses:
An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.
The use of resources to research, develop, purchase, produce, distribute, and market products and services.
The acquisition and disposal of resources that an organization uses to acquire and sell products and services.
The idea that accounting information is based on actual cost.
Source of the means organizations use to pay for resources such as land, buildings, and equipment to carry out plans.
Persons using accounting information who are not directly involved in the running of the organization.
The part of accounting that involves recording transactions and events, either electronically or manually.
Beliefs that distinguish right from wrong.
Persons using accounting information who are directly involved in managing the organization.
Concern for the impact of actions on society.
Premises:
An information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization's business activities.
The use of resources to research, develop, purchase, produce, distribute, and market products and services.
The acquisition and disposal of resources that an organization uses to acquire and sell products and services.
The idea that accounting information is based on actual cost.
Source of the means organizations use to pay for resources such as land, buildings, and equipment to carry out plans.
Persons using accounting information who are not directly involved in the running of the organization.
The part of accounting that involves recording transactions and events, either electronically or manually.
Beliefs that distinguish right from wrong.
Persons using accounting information who are directly involved in managing the organization.
Concern for the impact of actions on society.
Responses:
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