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When First Exposed to a Stimulus,our Sensory Receptors Tend to Respond

question 67

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When first exposed to a stimulus,our sensory receptors tend to respond strongly.However,if the stimulus remains unchanged,the activity of the receptors tends to decrease.This process is called


Definitions:

Expense Accounts

Accounts used to record the consumption of assets or services that result in a decrease in owner's equity, excluding the withdrawal of business assets by the owner.

Income Summary Account

A temporary accounting ledger that aggregates all income and expenses over a period to calculate net profit or loss.

Adjusting Entries

Bookkeeping entries recorded at the conclusion of an accounting cycle to apportion earnings and outlays to the appropriate period.

Interim Periods

Monthly or quarterly accounting time periods.

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