The ____ Factor Affecting Ethical Behavior Includes Individual Knowledge of an Issue

question 243

Multiple Choice

The ____ factor affecting ethical behavior includes individual knowledge of an issue, personal values, and personal goals.

• A) individual
• B) social
• C) opportunity
• D) moral
• E) ethical

Calculate account balances based on debit and credit entries.

Grasp the process and purpose of transferring transaction information to ledger accounts.

Understand the structure and significance of a chart of accounts.

Recognize the treatment of deferred revenues in financial statements.

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Definitions:

Journal Entry

The act of recording a transaction into the financial records of a company, detailing debits and credits in an accounting journal.

Deposit Recorded

The process of logging cash or checks received into the accounting records of a business or financial institution.

Outstanding Checks

Checks that have been written and recorded in the issuing company’s ledger but have not yet been cashed or cleared by the bank.

Journal Entry

A record of a financial transaction in accounting, detailing the accounts affected and the amounts.