An Encomienda Was a

question 61

Multiple Choice

An encomienda was a

• A) special title given to Spanish explorers of the New World.
• B) religious ceremony.
• C) Spanish-run community of assimilated Indians.
• D) uniform worn by conquistadores.
• E) license to exact tribute and labor from natives.

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Definitions:

Book of Original Entry

It is the initial record where financial transactions are documented in the accounting system.

Accounts Payable

Debts of a business to creditors arising from the acquisition of goods and services on credit.

Purchases on Account

Transactions where goods are bought and the payment is deferred to a future date, often recorded in accounts payable.

Supplies Account

An account used in accounting to track the amount spent on supplies that have not yet been used or consumed by the business.