If the Statement of Financial Position Shows a Bank Balance

question 1

True/False

If the statement of financial position shows a bank balance of £43,000, then the bank T account will have a debit balance of £43,000 at that date.

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Definitions:

Negative Reinforcement

A type of learning where a behavior is strengthened because it is followed by the removal of an unpleasant stimulus.

Positive Reinforcement

A method in behaviorism that involves the addition of a rewarding stimulus following a desired behavior, with the aim of increasing the likelihood of that behavior being repeated.

Aversive Condition

A situation or stimulus that is unpleasant or uncomfortable and which an individual seeks to avoid or escape.

Negative Reinforcement

A behavioral psychology concept where the removal of an undesirable or negative stimulus strengthens a behavior.