If Accounts Receivable Accounts with Credit Balances Are Significant, They

question 80

Multiple Choice

If accounts receivable accounts with credit balances are significant, they should be:

• A) reclassified as accounts payable.
• B) corrected by making adjusting entries.
• C) written off.
• D) moved to the debit side.

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Definitions:

Superego

A component of Freud's psychoanalytic theory, representing the moral conscience and the internalization of societal norms and principles.

Unconscious

The part of the mind that is inaccessible to conscious thought but that affects behavior and emotions, according to psychoanalytic theory.

Id

In psychoanalysis, a part of the mind in which innate instinctive impulses and primary processes are manifest.

Ego

Part of the psyche that mediates between the conscious, the unconscious, and reality, operating based on the reality principle, according to Freudian theory.