Copying the Debits and Credits from the Journal to the Ledger

question 23

Short Answer

Copying the debits and credits from the journal to the ledger accounts is a process called ____________________.

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Definitions:

Oedipus Complex

According to Freud, a boy’s sexual desires toward his mother and feelings of jealousy and hatred for the rival father.

Pleasure Principle

A concept in psychoanalytic theory referring to the instinctual seeking of pleasure and avoiding of pain to satisfy biological and psychological needs.

Reality Principle

A psychoanalytic concept referring to the ability of the mind to assess the external world and act upon it accordingly, balancing with the pleasure principle.

Ego

In psychoanalytic theory, the part of the personality responsible for dealing with reality while satisfying the demands of the id and superego.