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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?
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What served as a means of communication of accounting information?
What served as a means of communication of accounting information?
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