To Be Called a "Planter," One Had To

question 80

Multiple Choice

To be called a "planter," one had to:

• A) own at least twenty slaves
• B) work alongside slaves
• C) be engaged in the slave trade
• D) own thousands of slaves
• E) avoid involvement in politics

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Definitions:

Accounts Payable

Liabilities to creditors for goods or services that have been received but not yet paid for.

Credit

An accounting entry that increases liabilities or equity or decreases assets, representing a transfer of value in financial transactions.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to verify that total debits equal total credits.

Mathematical Equality

A situation in mathematics where two expressions are equivalent in value, denoted by the equal sign.