When Was GATT First Established

question 59

Multiple Choice

When was GATT first established?

• A) At the turn of the twentieth century
• B) Following World War I
• C) At the end of World War II
• D) During the Great Depression
• E) In the early 1960s

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Definitions:

Accounts Payable

Obligations or amounts owed by a company to suppliers for goods or services that have been received but not yet paid for.

Accounts Receivable

Money owed to a company by its debtors for goods or services that have been delivered or used but not yet paid for.

Chart of Accounts

An organized list of all the accounts in a company’s general ledger, used for recording transactions in the accounting system.

Income Statement

A financial document that reports a company's financial performance over a specific period, showing revenues, expenses, and net income or loss.