In the Early Centuries C

question 51

Multiple Choice

In the early centuries C.E., what natural resource was discovered in the Senegal River region?

• A)iron
• B)salt
• C)diamonds
• D)silver
• E)gold

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Definitions:

Income Statement Account

A financial account that shows the company's revenues, expenses, and net income over a specific period.

Petty Cash Transactions

Small purchases or expenditures paid using a readily available cash fund.

Cash Over and Short

An account that reports the discrepancies between the physical count of cash and the recorded amounts in a business's financial records.

Internal Control Procedures

Systems and policies put in place by a company to ensure the accuracy and integrity of financial and accounting information, prevent fraud, and comply with laws.