Examlex

Solved

Chan Decides to Make a Positive Change in His Life

question 356

Multiple Choice

Chan decides to make a positive change in his life.Instead of going to work with a frown on his face,he will force himself to smile when he walks into work.According to ________,by altering his behavior Chan is likely to change his negative attitude about work.


Definitions:

Accrued Liabilities

Liabilities that have been incurred but not yet paid or recorded at the end of the accounting period.

Accrued Receivables

Amounts owed to a business for goods or services delivered but not yet paid by the end of an accounting period.

Income Summary Account

An account used in closing to collect revenues and expenses, the balance of which shows the net income or loss for the period.

Debit Balance

A debit balance is an accounting entry that occurs on the left side of the ledger and indicates the amount of money owed or an increase in assets or expenses.

Related Questions