Which System Was Created in the 13th Century to Protect

question 202

Multiple Choice

Which system was created in the 13th century to protect the property of people in larger English towns and cities?

• A)pledge system
• B)watch system
• C)constable-watch system
• D)hundreds system

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Definitions:

Gross Profit Method

A method of estimating inventory cost that is based on the relationship of gross profit to sales.

Merchandise Destroyed

Goods that have been rendered unusable and unsellable due to damage, mishandling, or disaster.

Internal Control Steps

Procedures and measures adopted by a company to safeguard its assets, ensure financial report accuracy, and promote operational efficiency.

Receiving Report

A document used to record the receipt of goods from suppliers, detailing the quantities and condition of items delivered.