The States of the Deep South Did Not Secede from the Union

question 44

True/False

The states of the Deep South did not secede from the Union until Lincoln took office.

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Definitions:

Normal Balance

The side of an account (debit or credit) that is positive or increasing; assets and expenses typically have a debit normal balance, whereas liabilities, equity, and revenues usually have a credit normal balance.

General Ledger

A comprehensive set of accounts that records all the financial transactions of a business, showing the complete financial status and results of operations.

Primary Ledger

The main accounting record of a company that uses double-entry bookkeeping, which contains all the financial transactions.