BRANCHES AND HISTORY OF ACCOUNTING

During what civilization did the earliest evidence of accounting language was seen?

• INDIAN

• MESOPOTAMIAN

• CHINESE

• EGYPTIAN

Who is the father of accounting?

• Far Luca Pacioli

• Fra Lucca Pacioli

• Fra Luca Paciolli

• Fra Luca Pacioli

What branch of accounting deals with budgeting and forecasting?

In what year did the Italian monk published the framework for modern accounting?

• 1994

• 1494

• 1944

• 1449

The purpose of this branch of accounting is to examine the accuracy of the financial statements.

What branch of accounting covers the allocation and disbursement of public funds?

• Financial accounting

• Government accounting

• Cost accounting

• Accounting education

Earliest evidences of accounting records were found in ________.

• Clay tablets

• Paper scrolls

• Caves

• Ancient jars

What branch of accounting follows GAAP principles and focuses on historical data?

• Managerial accounting

• Auditing

• Financial accounting

• Cost accounting

Fra Luca Pacioli published this book that popularized the word "credre" and "debere".

• Summa de Arithmetica, Geometria, Proportioni et Proportionalia

• Suma de Aritmetica

• Liber Abaci

• The Compendious Book on Calculation by Completion and Balancing

What is the final outcome of Financial Accounting?