Accounting Chapter 7

SOLUTIONS TO BRIEF EXERCISES

BRIEF EXERCISE 7-1

1.True.
2.False.
3.True.

BRIEF EXERCISE 7-2

(a)3(d)2
(b)4(e)1
(c)5

BRIEF EXERCISE 7-3

1.True.
2.False. The benefits obtained from information domiciliated by the story information system must outweigh the cost of providing that information.
3.True.
4.False. An accounting system information system must be cost effective, provide useful output, and be flexible enough to accommodate ever-changing information needs.





BRIEF EXERCISE 7-4

|Accounts Receivable Subsidiary rule book | |General Ledger |
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|2012 | | | | | | | | |
|Sept. 10 | |A. Tudyk | |2/10, n/30 | | | |? 600 |
|25 | |D. Boyd | |n/30 | | | |? 860 |
| | | | | | | | |1,460...If you want to get a full essay, order it on our website: Ordercustompaper.com



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