A Chart of Accounts Is A

question 53

Multiple Choice

A chart of accounts is a:

• A) list of account titles with corresponding reference numbers used by companies so that transaction items are consistently named.
• B) list of daily transactions showing the accounts debited and credited for each transaction.
• C) summary of each account's activity and its ending balance.
• D) list of each account and its balance at a point in time.

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Definitions:

Sociocultural

Relating to the combined social and cultural factors that influence an individual's behavior and attitudes.

Learning Perspective

A psychological approach that emphasizes the effects of experience on behavior, suggesting that learning is the key to understanding how people behave.

Cognitive Perspective

A psychological approach that emphasizes mental processes such as perception, memory, and problem-solving as the key to understanding human behavior.

Biological Perspective

An approach in psychology that examines psychological disorders and behaviors from a biological standpoint, focusing on genetics, neurotransmitters, and brain structures.