What Kind of Reasoning Uses a General Statement to Make

question 42

Multiple Choice

What kind of reasoning uses a general statement to make conclusions about specific examples?

• A) inductive
• B) deductive
• C) scientific
• D) predictive

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Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction.

Posting Reference

An alphanumeric code or number used to identify the original journal entry in the ledger, facilitating the tracking of transactions and their origins in accounting records.

Posting Process

The procedure of transferring journal entry details into the ledger to update account balances.

Journal

An accounting record where all transactions are initially recorded in chronological order before being posted to ledger accounts.