Accounting theory

How was the first accounting system made off?

• Double entry journals

• report

• clay and token

• book keeping

Which seven elements contributed to the development of double entry bookkeeping?

All seven factors existed in ancient times.

• TRUE

• FALSE

Money and commerce are the most important factors.

• TRUE

• FALSE

Followings are civilisation that created complex business trade EXCEPT

• Roman empire

• mesopotamins

• Chinese

• Greek

Maslow is the father of double entry.

• TRUE

• FALSE

Why did the accounting system lacked regulation?

When did the accounting system evolve?

The first accounting body developed in____.

• UK

• Singapore

• US

• India