The Original Goal of the National Assembly Was to

question 106

Multiple Choice

 The original goal of the National Assembly was to

• A)depose the king.
• B)create a government identical to the American government.
• C)create a constitutional monarchy.
• D)create a classless society.
• E)give rights to women.

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Definitions:

General Ledger

A comprehensive record of all financial transactions over the life of a company, used to prepare financial statements.

Nominal Account

An accounting ledger account that starts each new accounting period with a zero balance and ends with a closed balance to transfer to a real account.

Retained Earnings

Retained Earnings represent the cumulative amount of net income earned by a company that has not been distributed to shareholders as dividends.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and placed into service.