Kenn Is a Psychologist Who Spends the Majority of His

question 150

Multiple Choice

Kenn is a psychologist who spends the majority of his time assessing or treating elderly people who are showing signs of dementia or who have experienced strokes.Ken would MOST likely describe the focus of his practice as

• A) counseling psychology.
• B) psychometrics.
• C) clinical neuropsychology.
• D) forensic psychology.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Permanent Accounts

Accounts that are not closed at the end of the accounting period, hence carry their balances over into the next period; these include asset, liability, and equity accounts.

Temporary Accounts

Accounts that are closed at the end of each accounting period, including revenue, expense, and dividend accounts.

Adjusting Entry

A journal entry made at the end of an accounting period to update account balances before preparing financial statements.