Register
Accounting has its roots in the 15th century, when which of the following groups of people used the double entry accounting system? a) Italian merchants b) Greek fishermen c) Chinese traders d) Turkish
228k views
12 votes
Accounting has its roots in the 15th century, when which of the following groups of people used the double entry accounting system? a) Italian merchants b) Greek fishermen c) Chinese traders d) Turkish craftsmen

User Lukas Kalinski
by
3.4k points

1 Answer

10 votes

Answer:

a) Italian merchants

Step-by-step explanation:

The double entry book keeping was firstly establihsed and implemented by the northern italy in order to record day to day business transactions and it was spread over the Europe via different routes of trading and also it forms the standardised business accounting.

Therefore as per the given statement, the first option is correct

User Bose
by
3.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
At first Rohan thought it was a good idea to offer a car repair pick-up service at his auto repair shop, but then he realized that most customers called Tow-It-Now Inc. and it would be difficult to match
Link Copied!