Evan Washes His Hands More Than 50 Times a Day

question 28

Multiple Choice

Evan washes his hands more than 50 times a day because of an ongoing fixation on germs; he is suffering from

• A) a phobia.
• B) post-traumatic stress disorder.
• C) obsessive-compulsive disorder.
• D) schizophrenia.

---

Definitions:

Normal Balance

Normal balance refers to the side of the accounting equation on which increases to an account are recorded, which is debits for asset and expense accounts, and credits for liability, equity, and revenue accounts.

Allowance for Doubtful Accounts

An account that offsets assets, designed to predict the amount of a company’s accounts receivable that is likely to be uncollectible.

Normal Balance

The side (debit or credit) of an account that is positive or increasing in nature, depending on the type of account.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.