In a manual accounting system, ___________ are made to adhere to the principle of cost matching revenue, whereas in computerised accounting system _________ are prepared and stored to follow the principle of cost matching revenue.
adjusting entries, journal vouchers
journal entries, journal vouchers
adjusting entries, journal entries
None of these
A
adjusting entries, journal vouchers
B
journal entries, journal vouchers
C
adjusting entries, journal entries
D
None of these
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Solution
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In a manual accounting system Adjusting entries are
recorded to match the expenses of the accounting period with the revenues
generated by them.
In computerized accounting, Journal
vouchers are prepared and stored to follow the principle of cost matching
revenue.
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