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Questions and Answers
What is the origin of accounting as a discipline?
What is the origin of accounting as a discipline?
- It originated in the 13th century with the development of note book transactions.
- It originated in ancient civilizations and is as old as the use of money itself. (correct)
- It originated in the 15th century with Luca Pacioli's Double Entry Book-keeping.
- It originated in the 15th century with the introduction of the Bahikhata system.
Which mathematician explained the principles of Double Entry Book-keeping in 1494?
Which mathematician explained the principles of Double Entry Book-keeping in 1494?
- Luca Pacioli (correct)
- Girolamo Cardano
- Leonardo Fibonacci
- Niccolò Tartaglia
What was the method called that people in Europe continued to follow despite the development of Double Entry Book-keeping?
What was the method called that people in Europe continued to follow despite the development of Double Entry Book-keeping?
- Bahikhata system
- Household Accounting
- Deshi Nama system
- Stewardship Accounting (correct)
What was the method called that was developed in our country for accounting?
What was the method called that was developed in our country for accounting?
What served as a means of communication of accounting information?
What served as a means of communication of accounting information?
Flashcards
Origin of Accounting
Origin of Accounting
Accounting originated in ancient civilizations and is as old as the use of money itself.
Who is Luca Pacioli?
Who is Luca Pacioli?
Luca Pacioli explained the principles of Double Entry Book-keeping in 1494.
Stewardship Accounting
Stewardship Accounting
Stewardship Accounting was the method followed in Europe, even after the development of Double Entry Book-keeping.
Bahikhata system
Bahikhata system
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Accounting Information
Accounting Information
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