Describe the Explosive Growth of Urbanization in the Late Nineteenth

question 44

Essay

Describe the explosive growth of urbanization in the late nineteenth century. What factors led to this growth, and where did the largest growth take place?

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Definitions:

Final Entries

Journal entries made at the end of an accounting period to prepare accounts for the next period or close the books.

Journalizing

The process of recording a transaction in the journal.

Adjustments and Closing Entries

The journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate periods.

Ledger

A book or database in which financial transactions are recorded, organized by account.