A Credit May Result in

question 9

Multiple Choice

A credit may result in

• A) an increase in a liability account.
• B) an increase in a revenue account.
• C) a decrease in an asset account.
• D) an increase in the Capital account.
• E) all of these.

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Definitions:

Social Referencing

Seeking information from caregivers about how to interpret unfamiliar or ambiguous events by observing their emotional expressions and reactions.

Operational Reasoning

The stage of cognitive development, as identified by Piaget, in which children develop the ability to think logically about abstract concepts and concrete events.

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Hypothetical-Deductive Reasoning

A method of problem-solving that involves forming hypotheses and deducing their implications to see if they match with real-world facts.