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

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journal entries, journal vouchers

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adjusting entries, journal entries

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None of these

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Solution

The correct option is A adjusting entries, journal vouchers
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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