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What Are the Purposes of Closing Entries

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What are the purposes of closing entries?


Definitions:

Wundt

Refers to Wilhelm Wundt, often considered the father of modern psychology, who established the first psychology laboratory.

Observable Behavior

Actions or reactions of an individual that can be directly observed and measured, excluding internal processes like thinking.

Consciousness

Consciousness is the state of being aware of and able to think about one's own existence, perceptions, thoughts, and feelings.

Mental Imagery

The process of creating visual representations in the mind, which can simulate or recreate visual perception.

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