Principles of Accounting information systems

Efficient and effective accounting information systems are based on certain basic principles. These principles are:
i) Cost effectiveness
ii) Usefulness and
iii) Flexibility
The principles of accounting information systems are explained below:

What do you mean by adjusting entries

Adjusting entries are journal entries made at the end of the accounting period that adjust the general leadger accounts to more accurately state the revenues and expenses or the income statement for the period and the assets and liabilities on the balance sheet at the end of the period.