It Is Important Not to Respond with __________ When Dealing

question 16

Multiple Choice

It is important not to respond with __________ when dealing with a client who does not want to participate.

• A) openness
• B) sharing
• C) acceptance
• D) defensiveness

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Definitions:

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, received by a business.

Journalizing

The act of recording financial transactions in a company's journal, detailing the accounts that are affected and in which direction.

Posting Process

The act of recording financial transactions in the appropriate accounts within the general ledger.

Debit or Credit Posting

The act of recording an entry on the left (debit) or right (credit) side of a financial account in the accounting ledger.