Each Transaction Must Be Analyzed in Terms of Its Effect

question 171

True/False

Each transaction must be analyzed in terms of its effect on the accounts before it can be recorded in a journal.

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Definitions:

Evolutionary Psychologists

Scientists who study the role of evolutionary processes in shaping human behavior, thought patterns, and psychological traits.

Human Mind

The totality of conscious and unconscious mental processes and activities in a human being.

General Purpose

pertains to tools, machines, or software designed to perform a variety of functions rather than being specialized for one specific task.

Reinforcement

In behavioral psychology, a consequence applied that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.