Nothing Demonstrates Respect More Than ________

question 33

Multiple Choice

Nothing demonstrates respect more than ________.

• A) public deference to another person
• B) listening respectively to another person
• C) obeying another person without question
• D) private agreement with another person

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Definitions:

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Journalizing

The process of recording business transactions in the accounting journals as part of the bookkeeping process.

Transaction

An agreement or exchange between two parties that is recorded and has an economic impact on the finances of a business.

Journal

A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.