Accounting Fundamentals Quiz
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Questions and Answers

Who is credited with publishing a book containing accounting procedures in 1494?

  • Luca Pacioli (correct)
  • Leonardo da Vinci
  • Michelangelo
  • Galileo Galilei

    • What was the title of the book published by Luca Pacioli in 1494?

  • Summa de Arithmetica, Geometria, Proportioni et Proportionalita (correct)
  • Venetian Accounting Practices
  • Principles of Mathematics
  • Accounting Innovations

    • What is the primary focus of the book published by Luca Pacioli?

  • Mathematics and accounting procedures (correct)
  • Literature and art
  • Religious studies
  • Geography and history

    • According to the Accounting Standards Council, how is accounting defined?

    <p>As a service activity</p> Signup and view all the answers

    What are the learning objectives of Chapter 4 of the text?

    <p>To define accounting, differentiate between bookkeeper and accountant, identify business transactions, understand T-accounts, and learn debit and credit rules</p> Signup and view all the answers

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