Which of the Following Is NOT One of the Four

question 32

Multiple Choice

Which of the following is NOT one of the four approaches to listening discussed in Chapter 2?

• A)for resolution
• B)for empathy
• C)for comprehension
• D)for analysis

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Definitions:

Credits

Accounting entries that represent an increase in liabilities or revenues, or a decrease in assets or expenses.

Adjusting Entries

Adjusting entries are journal entries made in an accounting period's end to allocate income and expenditures to the period in which they actually occurred.

Chart of Accounts

A structured list detailing a company's financial accounts, categorized to facilitate the organization and reporting of financial transactions.

Accounting Period

A specific time frame in which financial activities are recorded and reported, commonly a year or a quarter.