Every Journal Entry

question 38

Multiple Choice

Every journal entry:

• A)must increase at least one account and decrease at least one account.
• B)must debit at least one account and credit at least one account.
• C)is recorded in either the journal or the ledger.
• D)affects both an income statement account and a balance sheet account.

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Definitions:

Homeostasis

The tendency of a biological system to maintain stability in its internal environment in response to external changes.

Humans Focusing

This is not a standard psychological term and may refer to the human tendency to concentrate or pay attention to certain stimuli over others. NO.

Specific Responses

Particular reactions to stimuli, often as a result of learning or conditioning.

Innate Drives

Fundamental biological instincts and impulses that drive behavior, such as hunger, thirst, and the need for sleep.