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Accountancy: Quiz

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Question 1: The ________ civilization emerged during the period 37002900 BCE amid the development of technological innovations such as the plough, sailing boats and copper metal working.
MesopotamiaSumerBabyloniaAkkadian Empire

Question 2: This audience shifted in general from sole proprietorship alone to a larger more dispersed group of partnership, coinvestors, shareholders, and even eventually the state, as ________ became more sophisticated.
Keynesian economicsAnarcho-capitalismCapitalismLaissez-faire

Question 3: This information was then summarized as pieces of papyrus ________ into one big yearly account for each particular sub—division of the estate.
ScrollParchmentBookAshkenazi Jews

Question 4: ‘Debit,’ is ________ for ‘he owes’ and ‘credit’ Latin for ‘he trusts’.
LatinOld LatinRoman EmpireVulgar Latin

Question 5: In ________, the Dowlais Iron Company had receovered from a business slump, but had no cash to invest for a new blast furnace, despite having made a profit.
19481863January 1March 4

Question 6: The act significantly raises criminal penalties for ________, for destroying, altering or fabricating records in federal investigations or any scheme or attempt to defraud shareholders.
EmbezzlementInsider tradingSecurities fraudPerjury

Question 7: The oldest semi-public balance sheet recorded was that of the ________ dated 30 April 1671, which was submitted to the company's General Meeting on in 30 August 1671.
French East India CompanyDutch East India CompanyChartered companyEast India Company

Question 8: The development of ________ created wider audiences for accounts, as investors without firsthand knowledge of their operations relied on accounts to provide the requisite information.
CorporationJoint stock companyLimited liabilityDutch East India Company

Question 9: [29] Giovanno Farolfi & Company were a firm of ________ merchants whose head office was in Nîmes who also acted as moneylenders to Archbishop of Arles, their most important customer.
GenoaRomeFlorenceItaly

Question 10: The development of mathematics and accounting was intertwined during the ________.
Western art historyBaroqueRenaissanceItalian Renaissance







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