A Person Who Gathers Information Systematically So That He or She

question 61

Multiple Choice

A person who gathers information systematically so that he or she may describe, predict, and explain the phenomena being studied is called a clinical:

• A) phenomenologist.
• B) scientist.
• C) practitioner.
• D) psychometrist.

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Definitions:

Permanent Accounts

Accounts in the general ledger that are not closed at the end of an accounting year and whose balances are carried forward to the next year.

Balance Sheet Accounts

Accounts that report the financial position of a company, including assets, liabilities, and shareholders' equity, at a specific point in time.

Closing Process

The transfer process of converting temporary account balances to zero by transferring the revenue and expense account balances to the owner’s capital account, and transferring the owner’s drawing account balance to the owner’s capital account.

Drawing Account

An account used to track withdrawals made by the owner of a sole proprietorship from the business for personal use.