Accounts of a Single Type (I

question 56

Multiple Choice

Accounts of a single type (i.e., Accounts Payable) are kept in this form of ledger.

• A) Supplemental ledger
• B) Employee ledger
• C) Subsidiary ledger
• D) General ledger

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Definitions:

Happiness

A state of well-being and contentment, characterized by positive emotions and feelings of joy and satisfaction with one’s life.

Pleasure

Pleasure is a state of satisfaction or joy, often experienced as a result of fulfilling desires or engaging in enjoyable activities.

Psychological Egoism

The theory that suggests human beings are motivated solely by self-interest, even in what seem to be acts of altruism.

Thomas Hobbes

A 17th-century English philosopher best known for his political philosophy, including the idea that individuals consent to surrender some of their freedoms and submit to the authority of a ruler or government in exchange for protection of their remaining rights.