Match the Items Below by Entering the Appropriate Code Letter

Match the items below by entering the appropriate code letter in the space provided.
A. Cost effectiveness
B. Enterprise resource planning systems
C. General ledger accounting system
D. Manual accounting system
E. Special journals
F. Subsidiary ledger
G. Control account
H. Accounts receivable ledger
I. Accounting information system
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.

Correct Answer:

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1. G 6. I
2. A 7. B
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