Bookkeeping Long Quiz

This is where the accounting process started.

• Aztec

• Ancient Mesopotamia

• China

• Goryeo

This item is considered as the 'old calculator'.

• Abacus

• Graphing

• Scientific

• Mechanical

He is the Father of Accounting.

• Aristotle

• Galileo

• Lucas Pacioli

• Luca Pacioli

It was the year when Pacioli wrote his book 'Summa de Arithmetica, Geometria, Proportioni et Proportionalita'.

• 1444

• 1494

• 1944

• 1994

This was the primary form of money-changing back in the Middle Ages.

• Bartering

• Exchanging

• Swapping

• Trading

It is a systematic process of identifying, recording, classifying, summarizing, and interpreting financial information.

• Accounting

• Recording

• Interpreting

• Summarizing

It is the first step of the accounting process.

• Accounting

• Interpreting

• Bookkeeping

• Summarizing

This is expressed in monetary terms, and that is capable of being recorded in the books of accounts.

• Business Meetings

• Business Transaction

• Business Exhibit

• Business Partnerships

It is owned by one person who is in charge of the day-to-day activities of the business and who makes managerial decisions.

• Corporation

• Cooperative

• Partnership

• Sole Proprietorship

This is created by the laws of the land.

• Corporation

• Cooperative

• Partnership

• Sole Proprietorship