On a Worksheet Used in a Manual Accounting System to Prepare

question 36

Multiple Choice

On a worksheet used in a manual accounting system to prepare the financial statements:

• A) profit is shown as a debit to the income statement column and a credit to the balance sheet column.
• B) profit is not shown.
• C) profit is shown as a credit to the capital account and a debit to the bank account.
• D) profit is shown as a debit to the adjustments column and a credit to the balance sheet column.

---

Definitions:

Ingroup Favouritism

Behaviour that favours one’s own group over other groups.

Generalisation

The act or process of forming conclusions based on broad patterns, observations, or experiences that apply beyond specific instances.

Contact Hypothesis

A theory suggesting that under certain conditions, interpersonal contact is one of the most effective ways to reduce prejudice between majority and minority group members.

Social Identity Theory

A psychological theory that posits individuals define themselves by their group membership and seek to maintain positive self-esteem through their group affiliations.