Jamal Is Able to Think Through a Series of Steps

question 87

Multiple Choice

Jamal is able to think through a series of steps and then mentally return to the starting point.Therefore,Jamal is capable of

• A)reversibility.
• B)decentration.
• C)transitive interference.
• D)class inclusion.

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Definitions:

Credit Normal Balance

The usual balance side for credit accounts, typically seen in liabilities, equity, and revenue accounts.

Adjusting Entry

Journal entries made at the end of an accounting period to update accounts for accurate financial reporting.

Closing Entry

A journal entry made at the end of an accounting period to transfer temporary accounts to permanent accounts and prepare the books for the next period.

Real Account

Another term for permanent account in accounting, referring to accounts that are not closed at the end of the accounting period and carry their ending balance into the next period.