A General Journal

question 26

Multiple Choice

A general journal

• A) chronologically lists transactions and other events, expressed in terms of debits and credits.
• B) contains one record for each of the asset, liability, equity, revenue, and expense accounts.
• C) lists all the increases and decreases in each account in one place.
• D) contains only adjusting entries.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.