After Going to a Party, James Explains to Himself That

question 43

Multiple Choice

After going to a party, James explains to himself that this was more important than studying because "I needed a break from all the stress," even though he has not studied at all yet. This would be an example of

• A)identification.
• B)reaction formation.
• C)displacement.
• D)rationalization.

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Definitions:

General Journal

A basic accounting ledger that records each financial transaction of a business in chronological order.

Transactions

The exchanges or transfers of goods, services, or funds between two or more parties.

Journal

An accounting record where all transactions are initially recorded using the double-entry bookkeeping system before their details are posted to accounts in the general ledger.

T Account

A graphical representation used in accounting to depict the debit and credit sides of a ledger for easier visualization and understanding.