Asked by Britney Rubio on May 07, 2024
Verified
A counting house was
A) the place where railroad companies planned their train schedules and freight rates.
B) the place where the paperwork for a merchant's commercial transactions was completed.
C) a corporation's central warehouse.
D) A bank.
Counting House
A historical term referring to the office or building where business accounts and transactions were recorded, typically associated with merchants or trading companies in the past.
- Comprehend the shift from agricultural to industrial economic systems in the United States during the 1800s.
Verified Answer
KS
Karan SanghaMay 08, 2024
Final Answer :
B
Explanation :
A counting house was a merchant's office where the paperwork for commercial transactions such as bookkeeping, billing, and correspondence was conducted. It was a precursor to modern-day accounting firms or departments.
Learning Objectives
- Comprehend the shift from agricultural to industrial economic systems in the United States during the 1800s.
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