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History of Accounting
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History of Accounting

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Questions and Answers

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?

  • 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?

  • Bahikhata system
  • Household Accounting
  • Deshi Nama system
  • Stewardship Accounting (correct)

    • What was the method called that was developed in our country for accounting?

    <p>Bahikhata system</p> Signup and view all the answers

    What served as a means of communication of accounting information?

    <p>Language of business</p> Signup and view all the answers

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