According to Piaget,what Are the Ages for the Formal Operational

question 60

Multiple Choice

According to Piaget,what are the ages for the formal operational stage?

• A)birth to age two
• B)age two to seven
• C)age seven to eleven
• D)beyond age eleven or twelve

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Definitions:

Collection on Account

This term refers to the payment received by a business from its customers against the outstanding invoices or credits.

Journal Entry

A record in the accounting ledger that represents a single transaction and its effects on various accounts, detailing debits and credits.

Subsidiary Ledger

A subsidiary ledger is a detailed ledger that contains account information related to a specific master ledger account.

Allowance Account

An account used in accounting to estimate and offset losses that may arise from receivables that are not likely to be collected.