If You Just Declined an Invitation to Go Out with Friends

question 46

Multiple Choice

If you just declined an invitation to go out with friends so that you can study and then another friend offers you a beer, according to research in this chapter, what can you do to exert some self-control and stick with your study plan?

• A) Give up.There's nothing you can do now; you've already seen the beer.
• B) Take a break and collect yourself.You can resist the temptation.
• C) Promise yourself you'll only have one.It can't affect studying that much.
• D) Have a cookie instead.You deserve some treat.

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Definitions:

Credit

An accounting entry that either decreases assets or increases liabilities and equity on a company's balance sheet, or an entry on the right side of a double-entry bookkeeping system that represents the addition of value to an account.

Debit

An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.

Chart Of Accounts

A systematic list of all account titles and numbers used by an organization to organize its financial transactions systematically.

Accounts Used

Refers to the specific ledgers, charts, or titles under which financial transactions are categorized and recorded in accounting.