Renaissance and Accounting in Luca Pacioli's Book
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Questions and Answers

What is the meaning of 'Renaissance' in the context of the text?

  • Artistic Revolution
  • Cultural Rebirth (correct)
  • Mathematical Innovation
  • Scientific Advancement

Which scholar's teachings did people start relearning during the Renaissance period?

  • Scholars from Medieval Europe
  • Scholars from the Renaissance era
  • Scholars from Ancient Egypt
  • Scholars from Ancient Greece and Rome (correct)

What was the title of Luca Pacioli's famous treatise on accounting published in 1494?

  • Innovations in Mathematics and Accounting
  • Summa de Arithmetica, Geometria, Proportioni et Proportionalita (correct)
  • The Renaissance Accounting Guide
  • Art and Science of Numbers

Which term describes Frater Luca Bartolomes Pacioli's system of accounting?

<p>Double-entry system (C)</p> Signup and view all the answers

Besides accounting, what other fields did Luca Pacioli have knowledge in?

<p>Art and Law (D)</p> Signup and view all the answers

What was Luca Pacioli's contribution to accounting?

<p>Popularizing the terms Debit (Dr.) and Credit (Cr.) (C)</p> Signup and view all the answers

Which of the following best describes the concept of double-entry accounting?

<p>Every accounting action has a cause and effect relationship (D)</p> Signup and view all the answers

What does the term 'Debit (Dr.)' represent in accounting terminology?

<p>Amounts owed to the proprietor (A)</p> Signup and view all the answers

Which aspect of accounting did Pacioli's book 'Particularis de Computis et Scripturis' focus on?

<p>Record keeping and double-entry accounting (D)</p> Signup and view all the answers

What language were the terms 'Debit (Dr.)' and 'Credit (Cr.)' derived from?

<p>Latin and Italian (D)</p> Signup and view all the answers

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