The Correct Term for an Entry Made to the Left

question 72

Multiple Choice

The correct term for an entry made to the left side of an account is

• A) Double-entry system
• B) Debit
• C) Credit
• D) Journalizing

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Definitions:

Manufacturing

The process of producing goods on a large scale using labor, machines, tools, and chemical or biological processing or formulation.

Samuel Slater

An industrialist known as the "Father of the American Industrial Revolution" for his role in bringing British textile technology to America.

First Factory

Referenced commonly as the birthplace of the industrial revolution, a facility where goods are manufactured or processed, with the first factories emerging in the 18th century.

Cotton Gin

A machine invented by Eli Whitney in 1793 that quickly and efficiently removes seeds from cotton fibers, revolutionizing the cotton industry.