A Column in Journals and Ledger Accounts That Is Used

question 29

Multiple Choice

A column in journals and ledger accounts that is used to cross reference journal and ledger entries is the:

• A)Account balance column.
• B)Debit column.
• C)Posting reference column.
• D)Credit column.
• E)Description column.

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Definitions:

Primacy Effect

A cognitive bias that results in a person recalling information presented at the beginning of a list better than information in the middle or end.

Selective Attention

The cognitive process of focusing on a particular object, event, or process while ignoring others, in a limited capacity of awareness.

Contrast Effect

A cognitive bias where the difference between two things is exaggerated because they are compared directly to each other.

Perceptual Distortion

A cognitive bias that affects how one perceives reality, often leading to inaccuracies or misinterpretations.