The Proposal to Alter the Articles of Confederation by Providing

question 19

Multiple Choice

The proposal to alter the Articles of Confederation by providing for a system of representation in the national legislature based on the population of each state or the proportion of each state's revenue contribution, or both, was known as the

• A)Virginia Plan.
• B)New Jersey Plan.
• C)Massachusetts Plan.
• D)Connecticut Plan.

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Definitions:

Ledger

A book or collection of financial accounts where transactions are recorded, including credits and debits, typically categorized for easy tracking.

Creditors

Individuals or entities that have provided goods, services, or loans to another entity, to which the latter is obliged to repay.

Purchases

Transactions involving the acquisition of goods or services in exchange for payment, contributing to a business's inventory or operational needs.

Trial Balance

A financial worksheet that gathers the balances from all accounts into columns of debits and credits, verifying the mathematical accuracy of a company's accounting records.