A Student Is Studying the KATTS Framework in Class

question 20

Multiple Choice

A student is studying the KATTS Framework in class. She has offered to tutor a friend who is struggling to grasp the concept of the framework. She knows that her teaching has been effective when her friend states that the KATTS Framework consists of all of the following, except

• A) knowledge base.
• B) anxiety control.
• C) time management skills.
• D) test-taking skills.

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Definitions:

One Column Purchases Journal

A simplified accounting journal used for recording the total monetary amount of purchases by a business.

Merchandise On Account

Purchasing goods from suppliers on credit, intending to pay at a later date, reflected in accounts payable.

Debits And Credits

The two facets of accounting entries; debits increase assets or decrease liabilities, while credits decrease assets or increase liabilities.

Subsidiary Ledgers

Detailed ledgers that contain information captured in the general ledger, broken down into specific categories like customers, suppliers, or assets.