Explain Debits and Credits and Their Role in the Accounting

question 98

Essay

Explain debits and credits and their role in the accounting system of a business.

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Definitions:

Specific Behaviors

Actions or reactions of an organism or individual, usually in response to the environment, that are distinct and particular.

Necessary Goal

A goal considered essential for a person or entity to achieve specific desired outcomes or fulfill a purpose.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Cattell

Raymond Cattell was a psychologist known for his work on personality theory and psychometrics, including the development of several personality tests.