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Identify and State the Historical Significance of the Following

question 63

Short Answer

Identify and state the historical significance of the following:
-settlement house

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Definitions:

Journal Entry Icon

A graphical representation or shortcut in software, used to access the feature where financial transactions are manually recorded.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits in the double-entry accounting system.

Adjustments

Adjustments in accounting refer to entries made in journal accounts at the end of an accounting period to correct and allocate incomes and expenditures accurately.

Accounting System

A systematic process of recording, analyzing, summarizing, and reporting the financial transactions of a business or individual.

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