Insanity Is ________

question 80

Multiple Choice

Insanity is ________.

• A) a psychological term, not a legal one
• B) both a legal term and a psychological one
• C) a legal term, not a psychological one
• D) neither a legal term nor a psychological one

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the entries.

Journal Entry

A record in accounting that represents a transaction, documenting the debit and credits affected by it.

Debit

A bookkeeping record that elevates the value of an asset or expense account, or reduces the value of a liability or equity account.

Credit

A bookkeeping entry that increases the balance of a liability, equity account, or revenue, or decreases the balance of an asset or expense account.