Introduction to Accounting

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By VerifiableMusicalSaw

Quiz

Flashcards

5 Questions

What is the purpose of accounting?

What is the earliest known printed treatise on bookkeeping?

What does double-entry bookkeeping involve?

What does a ledger consist of?

Which division of practical art applies the principles of accountancy to business entities?

Description

This quiz covers the basic definition of accounting, its historical significance, and the purpose of accounting in communicating financial information to stakeholders. It also includes information about the earliest accounting records found in Mesopotamia and Luca Pacioli's contributions to accounting.

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