The Levellers

question 93

Multiple Choice

The Levellers:

• A) got their name for knocking down (leveling)the Parliament building.
• B) called for the strengthening of freedom and democracy at a time when those principles were seen as possibly contributing to anarchy.
• C) opposed a written constitution on the grounds that it institutionalized social inequality.
• D) proposed to abolish Parliament.
• E) claimed the world was flat or level.

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Definitions:

Rent Expense

The cost incurred by a business for leasing a property or equipment for operational purposes.

Income Summary

An account used in the closing process that summarizes the results of all revenue and expense accounts.

Capital

The wealth, whether in money or other assets, owned or employed in business by an individual, firm, or corporation.

Withdrawal Account

An account from which funds can be withdrawn by the account holder; in the context of business partnerships, it refers to an account used by an owner or partner to draw funds from the business.