In 1955, the Communist Party Ordered That All Agricultural Land

question 67

Multiple Choice

In 1955, the Communist Party ordered that all agricultural land be collectivized for what reason?

• A)Because by then the five-year plan had provided a surplus of tractors and reapers
• B)To increase food production and thus release labor and capital for industrialization
• C)In order to reduce urban poverty and crime

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Definitions:

Cash Receipts

The collection of money (cash, checks, wire transfers) by a business during a given period, often recorded in the cash receipts journal.

Disbursements

Payments made by a business, including amounts paid out for expenses, through methods like checks or electronic transfers.

Accounts Receivable

This represents money owed to a company by its customers for goods or services provided on credit.

Subsidiary Ledger

A ledger containing the details of accounts summarized in a controlling account in the general ledger.