The Andean Labor System Based on Shared Obligations to Help

question 17

Multiple Choice

The Andean labor system based on shared obligations to help kinsmen was called:

• A) wari
• B) moche
• C) ayllu
• D) mita

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Definitions:

Expense Accounts

Categories in financial accounting used to track money spent on operations and other costs by a business.

Accrued Revenues

Income earned but not yet received or recorded at the end of an accounting period, reflecting revenues for services performed or goods sold but not yet billed.

Asset Accounts

Accounts that record the value of everything a company owns and uses to generate revenue.

Liability Accounts

Accounts on a company's balance sheet that represent what it owes to others, such as loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.