When an Entry Is Made in the General Journal

question 1

Multiple Choice

When an entry is made in the general journal,

• A) the accounts to be credited should be indented.
• B) the first account entered should be indented.
• C) liability,capital,and revenue accounts should be indented.
• D) asset accounts should be indented.

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Definitions:

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg, suggesting intelligence is composed of analytical, creative, and practical abilities.

Robert Sternberg

An American psychologist best known for his theory on intelligence and creativity, including the triarchic theory of intelligence.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.