The Balance in a Revenue Account at the Beginning of an Accounting

question 29

Multiple Choice

The balance in a revenue account at the beginning of an accounting period will always be

• A)zero.
• B)last period's ending balance.
• C)higher than the previous periods beginning balance.
• D)equal to the amount of retained earnings for the previous period.

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Definitions:

Adult Personality

The set of characteristics, traits, and behaviors that define an individual's personal identity in adulthood.

Unconscious

The part of the mind that contains thoughts, memories, and desires not within the current awareness but influencing emotions and behavior.

Structural Model

In the context of psychology, it is a framework for understanding the complex relationships between different concepts or structures, often involving statistical analysis to validate theoretical models.

Superego

In Freudian psychoanalytic theory, the part of the personality that represents internalized ideals and provides standards for judgment (the conscience) and for future aspirations.