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BRANCHES AND HISTORY OF ACCOUNTING

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

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

a)

INDIAN

b)

MESOPOTAMIAN

c)

CHINESE

d)

EGYPTIAN

2.

Who is the father of accounting?

a)

Far Luca Pacioli

b)

Fra Lucca Pacioli

c)

Fra Luca Paciolli

d)

Fra Luca Pacioli

3.

What branch of accounting deals with budgeting and forecasting?

(a)  

4.

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

a)

1994

b)

1494

c)

1944

d)

1449

5.

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

(a)  

6.

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

a)

Financial accounting

b)

Government accounting

c)

Cost accounting

d)

Accounting education

7.

Earliest evidences of accounting records were found in ________.

a)

Clay tablets

b)

Paper scrolls

c)

Caves

d)

Ancient jars

8.

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

a)

Managerial accounting

b)

Auditing

c)

Financial accounting

d)

Cost accounting

9.

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

a)

Summa de Arithmetica, Geometria, Proportioni et Proportionalia

b)

Suma de Aritmetica

c)

Liber Abaci

d)

The Compendious Book on Calculation by Completion and Balancing

10.

What is the final outcome of Financial Accounting?

(a)