A Change in Behavior or Attitudes Brought About by a Desire

question 45

Short Answer

A change in behavior or attitudes brought about by a desire to follow the beliefs or standards of other people is known as ______________.

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Definitions:

Accounting Period

A specific period of time for which financial information is reported, typically a fiscal year or quarter.

Expense Accounts

Accounts in the general ledger representing the various costs incurred by a company in the course of its operations, excluding product cost.

Accrual Method

An accounting technique that records revenues and expenses when they are incurred, regardless of when cash transactions occur.

Reversing Entries

An accounting method used to reverse journal entries, typically at the beginning of a new accounting period, to cancel adjustments made in the previous period.