The Construction of the First Agricultural Settlements Were Based On

question 67

Multiple Choice

The construction of the first agricultural settlements were based on:

• A)large scale agriculture
• B)pastoralism
• C)horticulture
• D)slash and burn agriculture
• E)raiding

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby preparing the accounts for the next accounting period.

Permanent Accounts

Balance sheet accounts whose balances are carried forward to the next accounting period, including assets, liabilities, and equity accounts.

Temporary Accounts

Accounts that track financial results for a specific period before being reset by transferring the balance to permanent accounts, including revenue, expense, and dividend accounts.

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit columns to ensure accuracy in the accounts.