A Typical Account Found Under the Heading of "Revenue" in a Chart

question 20

Multiple Choice

A typical account found under the heading of "Revenue" in a chart of accounts is

• A) Cash.
• B) Sales.
• C) Freight-In.
• D) Purchases.

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Definitions:

Virginia

A state located on the Eastern coast of the United States, known for its significant role in the American Revolution and as the birthplace of many U.S. presidents.

Kentucky Resolutions

Political statements crafted in 1798 and 1799, arguing that the states have the right and the duty to declare unconstitutional any acts of Congress that were not authorized by the Constitution.

Bank of the United States

A central banking system created in the late 18th and early 19th centuries to handle the financial needs and requirements of the growing United States government.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making imported goods more expensive.