Which of the Following Accounting Principles Prescribes That an Accounting

question 170

Multiple Choice

Which of the following accounting principles prescribes that an accounting information system report useful, understandable, timely, and pertinent information for effective decision-making?

• A) Flexibility principle.
• B) Relevance principle.
• C) Compatibility principle.
• D) Cost-Benefit principle.
• E) Control principle.

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Definitions:

Reciprocating Functions

Functions or operations that involve back-and-forth or repetitive motion, often seen in mechanical systems.

Parallel Circuit

A circuit in which two or more of the connected components or contact symbols in a ladder program are connected to the same pair of terminals so that current may flow through all the branches; contrasted with a series connection, in which the parts are connected end to end so that current flow has only one path.

Series Circuit

A circuit in which the components or contact symbols are connected end to end, and all must be closed to permit current flow.

Series-Parallel Circuit

A circuit configuration that combines elements in both series and parallel to achieve desired electrical characteristics.