Science Is Based on the Notion That to Discover the World

question 55

Multiple Choice

Science is based on the notion that to discover the world, one must:

• A) develop ideas of how the world operates.
• B) experience it.
• C) reason how the world ought to be.
• D) discover through philosophy the functions of the world.

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Definitions:

Accounting Records

Documents and books that capture all the financial transactions of a business or individual.

Closing Process

The procedure in accounting that involves the transfer of all income and expense account balances to the retained earnings to prepare the ledger for the next accounting period.

Real Accounts

Accounts that relate to assets, liabilities, and equity, which are not closed at the end of the accounting period and carry their balances into future periods.

Permanent Accounts

Accounts that carry their balances over into the next accounting period, such as assets, liabilities, and equity accounts.