By the 1720s, Most Colonial Governments

question 6

Multiple Choice

By the 1720s, most colonial governments

• A)included an appointed governor, a council, and an elected assembly.
• B)had a hereditary governor's office.
• C)had lost legislative independence and were virtually powerless.
• D)were corrupt, inefficient, and undemocratic.
• E)had become democratic in their operation.

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Definitions:

Accounts Receivable

Financial obligations of customers towards a company for received goods or services yet to be paid.

Debit Balance

The amount that remains in a financial account when the total debits exceed the total credits, often indicative of expenses or assets.

Credit Balance

Refers to the amount on the right side of a company's ledger account, indicating that liabilities, equity, or revenue have increased or that assets or expenses have decreased.

Accounts Listed

Refers to the organized list of all accounts used in a company's accounting system, which can include assets, liabilities, equity, revenues, and expenses.