Which Concept Is Used to Designate the Process by Which

question 86

Multiple Choice

Which concept is used to designate the process by which people creatively shape reality as they interact?

• A)status interaction
• B)social construction of reality
• C)interactive reality
• D)role reality

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Definitions:

Journalizing

The act of recording business transactions in the journal, forming the initial step of the accounting cycle.

Posting Process

The act of transferring entries from a journal to the corresponding accounts in the ledger.

Balance Incorrectly

This term does not align with a standard accounting key term, so its accuracy as a finance or accounting term is questionable. NO.

Trial Balance

A tabulation for accounting purposes where all ledger balances are gathered, displaying equal totals in both debit and credit sections.