_____________ Is a Prescribed Course of Action That Attempts to Ensure

question 23

Multiple Choice

_____________ is a prescribed course of action that attempts to ensure that ethical behavior will be followed in the future.

• A) Analytical ethics
• B) Descriptive ethics
• C) Normative ethics
• D) Constructive ethics

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Definitions:

Trial Balance

A financial worksheet that consolidates all ledger balances into equal debit and credit columns for each account.

Journal Entries

Recorded business transactions in the accounting records of a company, listed in the general journal.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Journal Entries

Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.