In the Fifteenth Century,the Gathering and Hunting Way of Life

question 25

Multiple Choice

In the fifteenth century,the gathering and hunting way of life associated with the Paleolithic era persisted in

• A) Southeast Asia.
• B) North Africa.
• C) the Amazon River basin.
• D) Australia.

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Definitions:

Post-Closing Trial Balance

A list of all accounts still open after closing entries are made, used to ensure that debits equal credits.

Capital

The wealth in the form of money or other assets owned by a person or organization, or available for a purpose such as starting a company or investing.

Purchases

The total cost of goods acquired by a company for resale or use in production during an accounting period.

Freight-In Account

An accounting term for the cost of transporting goods into a business, which is part of the cost of goods sold.