The Principle of Parens Patriae

question 21

Multiple Choice

The principle of parens patriae:

• A)allowed children to become independent for "informing" on their parents.
• B)allowed the state to take the place of the parents.
• C)allowed the parents to disown their children.
• D)allowed the state to sue parents for neglect
• a) Permits the state to assume the role of the parents.
• b) Permits the state to declare juveniles delinquent.
• c) Defines status offenses.
• d) Defines undisciplined children

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Definitions:

Post-closing Trial Balance

A financial report created after all adjusting and closing entries are made, showing account balances ready for the next accounting period.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the accounts for the next accounting period.

Correcting Entry

A journal entry made in the accounting records to amend an error or oversight in previously recorded transactions.

Accounts Payable

Financial obligations a company has to its suppliers, recorded as liabilities on the business’s financial statement.