Accounts Are Classified in the Ledger

question 160

Multiple Choice

Accounts are classified in the ledger

• A) chronologically
• B) alphabetically
• C) in accordance with their appearance in the financial statements
• D) with the accounts used most often listed first

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Definitions:

Overjustification Effect

A psychological phenomenon where external rewards can reduce a person's intrinsic motivation to perform a task.

Imitation

The action of using someone else's behavior, effort, or style as a model.

Dream Catchers

A handmade object based on a Native American tradition, consisting of a woven net or web designed to protect individuals from bad dreams by catching them as they sleep.

A Habit

A routine behavior that is repeated regularly and tends to occur subconsciously.