_____ Refers to Customs and Accepted Ways of Structuring Society

question 101

Multiple Choice

_____ refers to customs and accepted ways of structuring society.

• A) Sanction
• B) Evolution
• C) Tradition
• D) Adaptation
• E) Assimilation

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Definitions:

Adjustments

At the conclusion of an accounting cycle, transactions recorded in financial documents to apportion revenues and costs to the true period of occurrence.

Ledger

The entire group of accounts maintained by a company.

Depreciation Expense Account

Represents the cost allocated for the reduction in the value of a tangible fixed asset over its useful life.

Worksheet

A paper or electronic document used to organize and simplify accounting information before the preparation of financial statements.