Public sector accouting - Topic 1

Public sector accouting - Topic 1

University

7 Qs

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Public sector accouting - Topic 1

Public sector accouting - Topic 1

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Sangita Jeyaram

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Followings are the factors that lead to creation of double-entry EXCEPT

Private property & capital

Commerce & credit

Money & Aritmetic

money & power

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What are the most significant factors that lead to double entry creation?

Writing and arithmetic

listening and drawing

visualising and creating

none of it

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Accounting roots history existed as early as _________.

7,000 B.C

7250 B.C

7,500 B.C

7750 B.C

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which place made book keeping as requirement for a business?

China

Rome

Italy

Argentina

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

All of the statements are correct EXCEPT

Luca Pacioli is the father of book keeping

Luca Pacioli wrote a book on the double entry system based on his common practices of business

Luca Pacioli is a famous businessman come writer

double entry system created by Luca Pacioli fall into criticism as time progressed.

6.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What was the major factor that caused the double-entry system to evolved in the 17th century?

development in businesses

industrial revolution

increase in complex business structures

increased in capital investment and dividend distribution

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What are the similarities between Eqypt, Chinese, Greek, and Babylonian civilizations?

The emergence of complex business trade and agriculture

Industrial revolutions initiated

double entry was widely used

the first requirement for bookkeeping was introduced