One of the Most Important Reasons for England's Reasserting Its

question 15

Multiple Choice

One of the most important reasons for England's reasserting its authority over the colonial United States prior to the Revolution was

• A) England 's commitment to mercantilism.
• B) the end of the Seven Years War.
• C) the end of the English Revolution.
• D) the fall of Spain as a world power.

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Definitions:

General Ledger

A comprehensive accounting record of all transactions of a business, summarizing all accounts and transactions in one place.

General Ledger Accounts

These are the main accounts where all the business transactions of a company are recorded, serving as a permanent record organized by account.

Trial Balance

A financial worksheet that gathers the balances from all accounts into debit and credit columns, verifying the mathematical accuracy of a company's accounting system.

Recording Process

The method of capturing and documenting financial transactions in the accounting records.