Provide a Definition of Each of the Follow Accounting Terms

question 21

Essay

Provide a definition of each of the follow accounting terms.
$$\begin{array} { | l | l | } \hline \text { Accounting Term } & \text { Definition } \\\hline \text { Compound journal entry } & \\\hline \text { Journal } & \\\hline \text { Account } & \\\hline\end{array}$$

---

Definitions:

Lowballing

A persuasive technique in which an initially favorable offer is made to gain agreement, but then terms are made less advantageous to the target.

Idiosyncrasy Credit

The leeway or toleration a group affords to a member with established credibility to deviate from group norms without severe sanction.

Expectation-States Theory

Expectation-States Theory is a sociological theory that explains how individuals form expectations of others in a group and how these expectations influence interactions and hierarchies.

Diffuse

To spread or cause to spread over a wide area or among a large number of people.