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A Simple Tool That Is Widely Used in Accounting to Represent

question 168

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A simple tool that is widely used in accounting to represent a ledger account and to understand how debits and credits affect an account balance is called a:


Definitions:

Fundamental Components

Basic and essential parts or elements that make up a complex system or concept.

Conscious Experience

The aware state of the mind that includes thoughts, feelings, and perceptions that one can reflect upon.

Functionalism

Functionalism is a perspective in psychology that focuses on how mental and behavioral processes function - how they enable the organism to adapt, survive, and flourish.

Purpose Of Behaviour

The underlying reason or motive behind specific actions or responses by individuals or organisms.

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