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Match each of the basic principles of an accounting system with the statements that best
describes them. 1. Information must be understandable, relevant, reliable, timely, and accurate. 2.
Benefits of information must outweigh the cost of providing it. 3. The system should
accommodate a variety of users and changing information needs. 4. The accounting system must
consider the needs and knowledge of various users. 5. The system should be capable of meeting
the changes in the demands made upon it. Indicate whether each of the following accounts would
be shown in the general ledger or subsidiary ledger.

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