A Record in Which the Effects of Transactions Are First

question 91

Multiple Choice

A record in which the effects of transactions are first recorded and from which transaction amounts are posted to the ledger is a(n) :

• A) Account.
• B) Trial balance.
• C) Journal.
• D) T-account.
• E) Balance column account.

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Definitions:

Rational Choice Models

These are analytical frameworks designed to understand social, economic, and political behaviors based on the assumption that individuals choose actions that maximize their utility or benefit.

Self-interest

Acting in a way that is beneficial to oneself, often based on personal gain or advantage.

Economic-interest

Refers to the set of financial or commercial objectives and incentives that motivate individuals, organizations, or nations.

Organizational Process Model

A framework for understanding how an organization operates through a series of actions or steps to achieve its goals.