_____-Basis Accounting Matches Income and Expenses Against a Period, and

question 36

Short Answer

_____-basis accounting matches income and expenses against a period, and ______ -basis accounting records income when the money is received and expenses when the purchase is made or the bill is paid.

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Definitions:

Royal Governor

The representative of a monarch in colonial territories, responsible for governing in the interest of the crown.

Dunmore

Refers to Lord Dunmore's Proclamation of 1775, where the British colonial governor of Virginia promised freedom to slaves who left their Patriot masters to fight for the British.

Continental Army

The revolutionary war army, authorized by the Continental Congress in 1775, led by General George Washington, that fought against British forces during the American Revolutionary War.

George Washington

The first President of the United States, known for leading the American revolutionary forces to victory and setting many precedents for future presidents.