Solved

A Method of Maintaining Financial Records Developed More Than 500

Question 64

Multiple Choice

A method of maintaining financial records developed more than 500 years ago that serves as the foundation of modern accounting systems worldwide is

A) the "Method of Paris."
B) double-entry bookkeeping.
C) cash basis accounting.
D) GAAP.
E) fiscal economics.

Related Questions

Q59: On October 1, 2011, Railways Corp. signed

Q60: Companies should prepare adjusting journal entries before

Q61: On January 1, 2010, Grey Corporation had

Q62: A dividend is a special type of

Q63: The following account balances have been taken

Q65: Financial statements can be prepared even if

Q66: Retained Earnings may be reduced by the

Q67: Accumulated depreciation is an example of a(an)<br>A)

Q68: A double-entry booking system<br>A) records each event

Q69: An account whose period-ending balance is carried