Jenny Is at the Zoo with Her Family

question 57

Multiple Choice

Jenny is at the zoo with her family.She points to each animal and says "doggie." This illustrates:

• A)a vocabulary spurt.
• B)delayed vocabulary development.
• C)overextension.
• D)underextension.

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Definitions:

Credits

In accounting, credits are entries that decrease assets or increase liabilities and equity on a company's balance sheet, corresponding to the double-entry bookkeeping system.

Debits

Entries made on the left-hand side of an account record in double-entry bookkeeping, indicating increases in assets or expense accounts, or decreases in liabilities, equity, or revenue accounts.

Account Balance

The amount of money present in a financial account at any given moment, which can be positive (credits) or negative (debits).

Chart of Accounts

An organized list of all the accounts in a company's general ledger, used for recording and reporting financial transactions.