After a Business Transaction Has Been Analyzed and Entered in the Book

question 159

Multiple Choice

After a business transaction has been analyzed and entered in the book of original entry, the next step in the recording process is to transfer the information to

• A) the company's bank.
• B) stockholders' equity.
• C) ledger accounts.
• D) financial statements.

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Definitions:

Absolute Refractory Period

A period immediately following the firing of a nerve fiber when it cannot be stimulated for a brief period, regardless of how strong the incoming stimulus may be.

Relative Refractory Period

A period shortly after the firing of a nerve during which the nerve cannot be stimulated to fire again at its maximum rate, but can still respond to a stronger than usual stimulus.

Firing Rate

The frequency at which a neuron discharges electrical impulses over a certain period of time.

Absolute Refractory Period

The period immediately following an action potential during which a neuron is completely unable to fire another action potential, regardless of the strength of the stimulus.