Accounts

question 77

Multiple Choice

Accounts

• A) do not reflect money amounts
• B) are not used by entities that manufacture products
• C) are records of increases and decreases in individual financial statement items
• D) are only used by large entities with many transactions

---

Definitions:

Action Identification Theory

A theory suggesting that the level at which an individual identifies an action influences how they perform and perceive the action.

Concrete

A building material made from a mixture of broken stone or gravel, sand, cement, and water, which can be spread or poured into molds and forms a stone-like mass on hardening.

Abstract

Referring to concepts or ideas that are not concrete or tangible, but are instead thought of in a theoretical or conceptual way.

Chopsticks

Eating utensils consisting of a pair of long, thin pieces of wood or other material, commonly used in many East Asian countries.