The Matching Concept

question 31

Multiple Choice

The matching concept

• A) addresses the relationship between the journal and the balance sheet
• B) determines whether the normal balance of an account is a debit or credit
• C) requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
• D) states that the revenues and related expenses should be reported in the same period

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Definitions:

Behavior

The actions or reactions of an object or organism, usually in relation to the environment.

Nature-nurture

A debate in psychology focused on the relative contributions of genetic inheritance and environmental factors to human development.

Psychological Traits

Enduring characteristics or qualities of an individual's personality that influence behavior and attitudes.

Genes

Sequences of DNA that code for proteins and determine the genetic traits passed from parents to offspring.