The Experiential Learning Cycle Relies on

question 37

Multiple Choice

The experiential learning cycle relies on

• A) experience, reaction, function, meaning and planning.
• B) experience, reflection, finding meaning and planning.
• C) applying learning based on experience to new situations.
• D) repeating learning gained from experience until you have mastered it.

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Definitions:

Sales Journal

A specialized accounting ledger that records all sales transactions of a business, typically for goods or services on credit.

Cash Receipts Journal

A specialized accounting journal used to keep track of all cash inflows or receipts of a business.

General Journal

A comprehensive accounting ledger that records all types of financial transactions, before posting to specific accounts in the general ledger.

Expanded Purchases Journal

A detailed record used in accounting to track all purchase transactions, including more comprehensive data than a standard journal.