Examlex
The ________ theory rejects claims that hypnosis is a true altered state of consciousness by demonstrating, through empirical research, that hypnotised behaviour is largely a function of one's expectancies.
Adjusting Entries
Documentation in financial records at the termination of an accounting period to allocate gains and expenses to the correct timeframe.
Trial Balance
A financial spreadsheet where all ledger balances are gathered into columns for debits and credits, ensuring both totals match.
Debit Column
The left-hand side of a ledger account, recording increases in assets and expenses, and decreases in liabilities, equity, and revenue.
Expense Recognition Principle
An accounting principle that dictates expenses should be recognized in the period in which they are incurred to earn revenues.
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