In Ellis's A-B-C Approach,the C Stands for __________

question 212

Multiple Choice

In Ellis's A-B-C approach,the C stands for __________.

• A)cognition
• B)consequence
• C)conclusion
• D)condition

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Definitions:

Operating Activities

Activities related directly to the business's primary operations, such as selling products or services, and reflected in its cash flow statement.

Accounts Receivable

Financial obligations of customers towards a company for received goods or services yet to be paid.

Debit Balance

The amount that remains in a financial account when the total debits exceed the total credits, often indicative of expenses or assets.

Credit Balance

Refers to the amount on the right side of a company's ledger account, indicating that liabilities, equity, or revenue have increased or that assets or expenses have decreased.