Identify and State the Historical Significance of the Following

question 135

Short Answer

Identify and state the historical significance of the following:
-Sherman Anti-Trust Act

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Definitions:

Debits And Credits

The two sides of every financial transaction in double-entry bookkeeping; debits must equal credits for each entry to balance.

Alphabetic Order

A method of arranging items or information according to the sequence of the letters in the English alphabet.

Journal

A record where all financial transactions are initially noted in chronological order before being transferred to accounts in the ledger.

Transaction

A financial event or agreement that results in a change to the balance of two or more accounts within a company's financial records.