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When Dissonance Is Present, the Individual Is Comfortable

question 12

True/False

When dissonance is present, the individual is comfortable.


Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the accounts for the next accounting period.

Correcting Entry

A journal entry made in the accounting records to amend an error or oversight in previously recorded transactions.

Accounts Payable

Financial obligations a company has to its suppliers, recorded as liabilities on the business’s financial statement.

Cash

A form of currency that represents immediate purchasing power and liquidity.

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