The Great Pyramids of Giza,built in the Fourth Dynasty,were

question 71

Multiple Choice

The great Pyramids of Giza,built in the Fourth Dynasty,were:

• A)used for athletic events,concerts,and political rallies.
• B)lost in the desert sands and unknown to the Greeks.
• C)a good supply of building stone for Rome and Carthage.
• D)temples used for worship by the priestly class.
• E)constructed by thousands of peasant workers who were not slaves.

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Definitions:

Income Statement Debit

A transaction or expense that decreases net income on the income statement.

Net Loss

The amount by which expenses exceed revenues.

Adjustments

These are entries made in accounting to record expenses that have occurred but are not accurately represented in the financial statements at the end of the accounting period.

Journal

A detailed record where all financial transactions of a business are initially recorded before being summarized in the ledger.