What We Call Capitalism Did Not Fully Emerge Until the Renaissance

question 25

True/False

What we call capitalism did not fully emerge until the Renaissance in Europe during the 15th and 16th centuries.

---

Definitions:

Accounts Payable

Money owed by a company to its suppliers or creditors for goods and services received but not yet paid for.

Explanations

Detailed accounts or statements clarifying or justifying something.

Journal

A detailed record where financial transactions are entered initially, in chronological order, before being posted to accounts.

Indented

A term not typically used in a financial or accounting context; it often refers to a formatting style where text is moved to the right from the margin of a document.