Introduction to Financial Accounting

Who is consider the 'Father of Accounting'?

• Luca Pacioli

• John Pacioli

• J. Betty

The nature of financial accounting is

• historical

• analytical

• social

• forward looking

Financial accounting provides accounting information to the ________ though the information is useful for internal purposes also

• external users

• internal users

• company

• competitors

What is the name of the accounting method created by Luca Pacioli?

• Triple entry system

• Single entry system

• Matching entry system

• Double entry system

What was the name of book written by Luca Pacioli?

• The history of modern accounting system.

• Accounting in the ancient Venice.

• The modern accounting system.

• Summa De Arithmetica, Geometrica, Proportion-te-proportionalita.

When is the origin of modern accounting?

• In 1894

• In 1694

• In 1494

• In 1794

Luca Pacioli was a...

• Philosopher

• Doctor

• Engineer

• Mathematician

The process of identifying, classifying, recording and communicating business transaction is called

• Accounting

• Bookkeeping

• Double entry

• Accountancy

Users of accounting information are:

• external users

• subsidiary users

• external and internal users

• Internal users

Which of the following users are considered as internal user?

• Owner

• Bank

• Middle management

• Buyer