The Colonists Faced All of the Following Weaknesses in the War

question 14

Multiple Choice

The colonists faced all of the following weaknesses in the War for Independence except  

• A) poor organization.
• B) sectional jealousy, which constantly interfered with the appointment of military leaders.
• C) great difficulties in raising money to support the army.
• D) the use of numerous mediocre European officers.
• E) a weak central authority running the war effort.

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Definitions:

Disbursement Basis

An accounting method in which expenditures and revenues are recorded when cash is actually disbursed or received, rather than when they are incurred.

Accrual Basis

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction happens.

GAAP Constraint

Guidelines that restrict or limit certain accounting practices under Generally Accepted Accounting Principles, to ensure fairness, consistency, and accuracy in financial reporting.

Disbursement Basis

Accounting method where expenses are recorded when cash is paid out, rather than when incurred.