A Business's Record of the Increases and Decreases in a Specific

question 187

Multiple Choice

A business's record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is known as a(n) :

• A) Posting.
• B) Trial balance.
• C) Chart of accounts.
• D) Journal.
• E) Account.

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Definitions:

Individual Character

The set of moral and mental qualities and beliefs that distinguishes one person from others, often influencing behavior and decision-making.

Personal Standards

The individual principles and criteria that guide behavior, performance, and the evaluation of oneself and others.

Self-Gratification

Seeking pleasure or satisfaction for oneself, often without regard for long-term consequences or ethical considerations.

Moral Boundaries

The ethical limits and guidelines that individuals set for themselves, guiding their behavior and interactions.