Ancient Egypt and Mesopotamia Used a System Based on the Highly

question 57

Short Answer

Ancient Egypt and Mesopotamia used a system based on the highly coveted coins of gold and silver, also known as _____.

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Definitions:

Check Stub

A part of a check that is kept for record-keeping purposes, detailing the check's purpose, date, and amount.

Balance Forward

The amount of money brought forward from a previous statement or bill as the starting point for the next period.

Balance Carried

The amount of money or value transferred from the end of one financial statement or period to the beginning of another.

Adjusted Cash Balance

The cash balance resulting after certain adjustments are made, such as for outstanding checks or deposits in transit.