MATCHING Match the Person or Term with the with the Correct

question 50

Multiple Choice

MATCHING
Match the person or term with the with the correct description.
-Henry David Thoreau

• A)On Civil Disobedience
• B)1848 Free Soil presidential candidate
• C)author of the Kansas-Nebraska Act
• D)tried to attach bill to ban slavery to war declaration
• E)author of the Compromise of 1850
• F)caned Charles Sumner
• G)a slave who sued for his freedom
• H)led a raid on Harpers Ferry
• I)1860 Republican presidential candidate
• J)1860 southern Democratic presidential candidate
• K)1856 Republican presidential candidate
• L)filibustering

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Definitions:

Double Entry Accounting

An accounting system that maintains the balance of the accounting equation (Assets = Liabilities + Equity) by recording each transaction twice, once as a debit and once as a credit.

Single Entry Accounting

A method of bookkeeping that records only one side of each financial transaction, typically sufficient for smaller, simpler businesses.

Gross Profit

The difference between sales revenue and the cost of goods sold before accounting for other expenses.

Markup

The amount added to the cost of goods to cover overhead and profit, usually expressed as a percentage of the cost.