-The Increase of Wealthy Colonists and the Flood of New

question 39

Multiple Choice

-The increase of wealthy colonists and the flood of new luxury goods to the American colonies was most impacted by .

• A) greater reliance on goods traded with Indians
• B) the self-sufficiency developed by American colonists
• C) expanded trade with the British empire
• D) the greater role American colonial assemblies took in developing trade policies

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Definitions:

Electronic Accounting System

Computerized systems used for tracking and managing financial transactions and accounts.

General Ledger Accounting Systems

Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.

Cash Receipts

The collection of money (cash, checks, wire transfers) by a business during a given period, often recorded in the cash receipts journal.

Disbursements

Payments made by a business, including amounts paid out for expenses, through methods like checks or electronic transfers.