Matching Questions 192. Match the following terms a through j with the appropriate definition. 1. The idea that accounting information is based on actual cost Accounting 2. The...

1. The idea that accounting information is based on actual cost

Accounting

2. The use of resources to research, develops, purchase, produce, distribute and market products and services

Operating activities

3. The acquisition and disposing of resources that an organization uses to acquire and sell products and services

Investing activities

4. Persons using accounting information who are directly involved in managing the organization

Cost principle

5. Provide the means organizations use to pay for resources such as land, buildings and equipment to carry out plans

Financing activities

6. The part of accounting that involves recording transactions and events, either electronically or manually

External users

7. Beliefs that distinguish right from wrong

Recordkeeping

8. Concern for the impact of actions on society

Recordkeeping

9. Persons using accounting information who are not directly involved in the running of the organization

Internal users

10. An information and measurement system that identifies records and communicates relevant, reliable and comparable information about an organization's business activities

Social responsibility