History Of Accounting L1 Flashcards
1
Q
Country where accounting was invented
A
Egypt
2
Q
recording of agreements between parties.
A
Barter system
3
Q
Where emperor Augustus documented his financial transactions
A
Res Gestae Divi Augusti
4
Q
In india they provided guidance on maintaining financial records for governance.
A
Chanakya’sArthashastra
5
Q
a system where every financial transaction is recorded in at least two accounts.
A
Double entry bookkeeping
6
Q
standardized tests were introduced for accountants, leading to the certification of Certified Public Accountants
A
Certification and standard
7
Q
has integrated advanced technology and software solutions that enhance accuracy and efficiency.
A
Modern Era (technological advancement)
