Which of the following is not a part of Pacioli's initial contributions to accounting?
A) His objective was to publish a detailed, mathematical approach to accounting rather than a popular version of accounting that could be used by all.
B) He believed that all transactions required both a debit and a credit in order for transactions to remain in equilibrium.
C) He introduced the memorandum book, the journal and the ledger.
D) The center for the accounting system was the ledger.
Correct Answer:
Verified
Q5: The major Genoese influence on accounting was
A)
Q6: Venice's commerce was driven by sea traffic.
Q7: Double entry bookkeeping quickly had world-wide acceptance,
Q8: Where would Pacioli first record a transaction?
A)
Q9: Which of the following is not true
Q11: As a result of the industrial revolution
Q12: Luca Pacioli (or Paciolo) is best known
Q13: In the compagnie accounting system developed in
Q14: The continental accounting system is closely linked
Q15: If a firm is not involved in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents