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Author Question: Match the following terms with the appropriate definitions below. Definitions have not been provided ... (Read 74 times)

james

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  • Posts: 573
on: Jul 5, 2018
Match the following terms with the appropriate definitions below. Definitions have not been provided for all of these terms.
 
  a. Interest
  b. Principal
  c. Liabilities
  d. Debtor
  e. Creditor
  f. Sales revenue
  g. Accounts receivable
  h. Accounts payable
 
  _____ 1. A party that lends resources with the understanding that the resources will be returned later
  _____ 2. The amount borrowed or loaned
  _____ 3. What you pay for the use of other people's money or what you earn by lending money
  _____ 4. Assets created by selling goods to customers on credit
  _____ 5. A party that borrows resources with the understanding that the resources will be repaid later

Question 2

Discrepancies between data items recorded by a system and the underlying economic events or objects they represent are a violation of the control goal of:
 a. ensure input validity
  b. ensure input completeness
  c. ensure input accuracy
  d. ensure update completeness


Viet Thy

  • Sr. Member
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  • Posts: 329
Reply #1 on: Jul 5, 2018
Answer to Question 1

e, b, a, g, d

Answer to Question 2

C


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