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Match Each Statement with the Most Appropriate Item

Question 41

Matching

Match each statement with the most appropriate item

Premises:

Responses:

Associated most closely with general ledger software.

Event-driven systems only.

Inherently relies on debits and credits.

Both event- and view-driven systems.

Source documents are paper-based.

View-driven systems only.

Separation of duties not required.

Neither event- nor view-driven systems.

Facilitates decision making by non-accountants.

Closely associated with the steps in the accounting cycle.

Capable of producing general purpose financial statements.

Never relies on information technology.

Connected most closely with enterprise resource planning systems.

Provides information for making decisions.

Premises:

Associated most closely with general ledger software.

Inherently relies on debits and credits.

Source documents are paper-based.

Separation of duties not required.

Facilitates decision making by non-accountants.

Closely associated with the steps in the accounting cycle.

Capable of producing general purpose financial statements.

Never relies on information technology.

Connected most closely with enterprise resource planning systems.

Provides information for making decisions.

Responses:

Event-driven systems only.

Both event- and view-driven systems.

View-driven systems only.

Neither event- nor view-driven systems.

Correct Answer:

Premises:

Responses:

Associated most closely with general ledger software.

Inherently relies on debits and credits.

Source documents are paper-based.

Separation of duties not required.

Facilitates decision making by non-accountants.

Closely associated with the steps in the accounting cycle.

Capable of producing general purpose financial statements.

Never relies on information technology.

Connected most closely with enterprise resource planning systems.

Provides information for making decisions.