During a Study Session a Classmate States That It Is

question 146

Essay

During a study session a classmate states that it is not necessary to make journal entries and then post them to the ledger. She states that it is sufficient to analyze the transaction and simply record the information in T-accounts.
What is your response to this statement? Be brief yet concise.

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Definitions:

Individualistic Cultures

Societies that emphasize personal goals, autonomy, and achievements over collective goals, leading to greater emphasis on individual identity.

Complex Emotion

Emotions that are comprised of various components such as cultural and personal experiences, and often involve a mix of primary emotions.

Basic Emotion

Fundamental emotions considered universal across human cultures, such as happiness, sadness, fear, anger, surprise, and disgust.

Envy

A feeling of discontent or covetousness with regard to another's advantages, success, or possessions.