Which of the Following Has the Major Role in the Process

question 181

Multiple Choice

Which of the following has the major role in the process of socialization?

• A) religion
• B) peers
• C) school
• D) parents

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Definitions:

Generally Accepted Accounting Principles

A set of accounting rules and standards used in the preparation of financial statements to ensure consistency and comparability.

Double-entry System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Logical Method

A reasoned, systematic approach to solving problems or making decisions, often based on a sequence of steps or a set of established principles.

Recording Transactions

The process of documenting financial transactions in the company's accounting records, ensuring accurate financial reporting and analysis.