Historical aspects of fabm Flashcards
1
Q
Who is known as the “Father of Accounting?
A
Luca Pacioli
2
Q
What is the title of the book written by Luca Pacioli that became a reference for bookkeeping?
A
Summa de Arithmetica, Geometria, Proportioni et Proportionalità
3
Q
Where were the earliest accounting records found?
A
Ancient Mesopotamia
4
Q
What financial deeds were recorded in “The Deeds of the Divine Augustus?
A
Public distributions, land grants, temple construction, veteran payments, religious offerings, and entertainment funding.
5
Q
Why is accounting considered an art?
A
it requires creativity and skill
in carrying out the accounting process.
