Tarryn, a Student Who Is Researching Forensic Accounting, Is Preparing

question 81

Multiple Choice

Tarryn, a student who is researching forensic accounting, is preparing to interview an experienced accountant.To conduct an effective interview, Tarryn should

• A) learn as much as possible about the forensic accounting field before conducting the interview.
• B) try to do most of the talking during the interview to put the interviewee at ease.
• C) ask as many yes-or-no questions as possible to make things easier for the interviewee.
• D) engage the accountant in a debate to display Tarryn's knowledge.

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Definitions:

Debits

Entries on the left side of an account ledger, indicating an increase in assets or decrease in liabilities and equity.

Credits

Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts, reflecting a gain in financial statements.

Chart of Accounts

An organized list of all accounts in a business entity's financial records, each with a unique identifier.

Journal Entry

A record in accounting that represents a transaction in the general ledger, where each transaction is recorded with both a debit and a credit.