Our ________ Enable Us to Make Sense of the Sensations

question 43

Multiple Choice

Our ________ enable us to make sense of the sensations that we are continually experiencing.

• A)sensory organs
• B)motor abilities
• C)perceptual abilities
• D)sensory abilities

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenues.

Revenue Recognition Principle

The concept that supports recording revenues when services have been performed or products delivered to customers.

Cash

Money in the form of coins or banknotes held by an individual or organization, readily available for transactions.

Adjusting Entries

Bookkeeping entries executed at the termination of a financial period for the purpose of apportioning earnings and expenses to the actual period they took place.