In His Capacity as Commander in Chief,President Abraham Lincoln

question 20

Multiple Choice

In his capacity as commander in chief,President Abraham Lincoln

• A) waited for Congress to declare war before dispatching troops to the South.
• B) argued it was essential that the laws of the Constitution be upheld during the war.
• C) quickly called on Congress to enact a naval blockade of the South.
• D) moved cautiously in asserting his war powers.
• E) increased the size of the army without the approval of Congress.

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Temporary Accounts

Accounts used to track transactions within a single accounting period, closed and reset at the period's end.

Account Balances

The amount of money in a financial account, determined by adding all credits and deducting all debits.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and to prepare financial statements.