Our Interpretations of an Event Have a Greater Impact on Our

question 16

True/False

Our interpretations of an event have a greater impact on our emotions than the actual event has.

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Definitions:

Credits

Accounting entries that increase liabilities or decrease assets, or record income in double-entry bookkeeping.

Journal Entry

A Journal Entry is a record in bookkeeping that logs the debit and credit parts of a financial transaction in accounting.

Credits

Entries that increase liabilities or equity accounts, or decrease asset or expense accounts in accounting.