Home » mcq » accounting » Double entry system was started in-

Double entry system was started in-

April 15, 2024 by rawan239

India

Italy

England

None of the above

The correct answer is: B. Italy

The double-entry bookkeeping system was invented in Italy in the late 14th century by Luca Pacioli. It is a system of accounting in which every financial transaction is recorded twice, once

viewBox="0 0 576 512"> Subscribe on YouTube

as a debit and once as a credit. This system allows for a more accurate and complete record of financial transactions, and it is the standard system of accounting used today.

Option A is incorrect because India did not invent the double-entry bookkeeping system.

Option C is incorrect because England did not invent the double-entry bookkeeping system.

Option D is incorrect because the double-entry bookkeeping system was invented in Italy.

Telangana and Karnataka GK MCQ (2575)

accounting (2134)

Bihar state GK MCQ (1950)

Haryana GK MCQ (1945)

Economics (1622)

Sentence improvement (1484)

Assam state GK MCQ (1479)

Synonyms (1421)

Jammu and kashmir GK MCQ (1388)

Himachal pradesh GK MCQ (1272)

Kerala state GK MCQ (1225)

Tamilnadu state GK MCQ (1193)

Preposition (1150)

Financial management (1120)

Gujarat state GK MCQ (1079)

Andhra Pradesh GK MCQ (1043)

Articles (1043)

Arunachal pradesh state GK MCQ (1026)

Manipur GK MCQ (1022)

chemistry (1020)

Indian politics (981)

Legal aspects of business (930)

Computer fundamental miscellaneous (918)

Banking and financial institutions (897)

sikkim GK MCQ (853)

Environmental Science (811)

Geography (757)

Artificial intelligence (756)

Insurance (752)

Indian railway (726)

Jharkhand GK MCQ (717)

punjab GK MCQ (697)

Building materials (686)

Basic general knowledge (682)

Mizoram GK MCQ (668)

Sentence completion (663)

Meghalaya GK MCQ (618)

Business management (603)

Visual basic (596)

Idioms and phrases (589)

Chhattisgarh GK MCQ (565)

Business and commerce (563)

Maharashtra GK MCQ (538)

Spelling check (537)

One word substitution (525)

Waste water engineering (522)

Building construction (508)

Cloud computing (507)

Classification (505)

Surveying (490)

Operating system (476)

Goa GK MCQ (473)

Applied mechanics and graphic statics (468)

Common error detection (457)

Object oriented programming using c plus plus (455)

Ms access (452)

Irrigation engineering (448)

Organic chemistry (432)

Engineering economics (426)

Hydraulics and fluid mechanics (422)

Ordering of sentences (422)

Internet and web technology (377)

Machine learning (371)

Rcc structures design (364)

Madhya Pradesh state GK MCQ (356)

Non metal and its compounds (352)

Odisha GK MCQ (349)

Selecting words (342)

Teaching and research (322)

Management information systems (321)

Chemistry in everyday life (296)

Days and years (293)

World geography (290)

Nagaland GK MCQ (289)

Sentence formation (278)

Construction planning and management (276)

Computer Hardware (270)

Power point (262)

Data science miscellaneous (260)

Direct and indirect speech (255)

Odd man out (254)

Books and authors (252)

Environmental engineering (252)

System analysis and design (234)

Famous personalities (230)

Statement and assumption (230)

Ecommerce (226)

Highway engineering (218)

Ordering of words (217)

World organisations (214)

Automation system (204)

Concrete technology and design of concrete structures (200)

Electronic principles (195)

Soil mechanics and foundation (194)

Jainism and buddhism (191)

Airport engineering (184)

Embedded systems (183)

Design of steel structures (182)

Railway engineering (182)

Internet of things (iot) (181)

Hrm in commerce (181)

Indian culture (176)

Electrical machine design (175)

Indian Polity (172)

technology (172)

Disk operating system (dos) (169)

Digital computer electronics (168)

Medieval history art and culture (166)

Theory of structures (162)

agriculture (161)

Vlsi design and testing (161)

Awards and honours (146)

Wireless Communication (143)

Linear Algebra (137)

Statement and arguments (132)

Data analysis with python (130)

Css properties, css elements, css functions and tables (129)

Indian Economy (124)

Transformers (123)

General science (116)

Css text, borders and images (115)

Signal processing (114)

Database systems (112)

Blood relation (111)

Electrostatics (106)

D.c. Generators (105)

Bhakti movement (105)

Indian history (103)

Introduction to data science (102)

D.c. Motors (101)

Missing character finding (100)

Synchronous motors (99)

Current Affairs (99)

Economics of power generation (99)

Single phase induction motors (99)

Series completion (99)

Electrolysis and storage of batteries (98)

General Knowledge (98)

Electronics and instrumentation (97)

Business finance (97)

Transistors (96)

Missing number finding (95)

Transmission and distribution (95)

A.c fundamentals, circuits and circuit theory (95)

Switchgear protections (94)

Statement and conclusion (94)

Electrical control systems (93)

Machine learning algorithms (92)

Course of action (91)

Information theory and coding (90)

Business statistics and research methods (89)

Basics of organic reaction mechanism (89)

Current electricity (89)

Logical deduction (87)

Business environment and international business (87)

Data collection and preprocessing (87)

Optical communication (81)

Number series completion (80)

Probability and statistics (72)

Literature (68)

government (68)

Indian Constitution (61)

environment (53)

statistics (49)

population (41)

mathematics (40)

Computer Science (40)

Ancient history art and culture (32)

Constitutional Law (31)

arithmetic (28)

Demography (28)

Science and Technology (21)

international relations (17)

International Law (17)

Archaeology (13)

Earth Science (13)

Islamic Law (12)

electricity (11)

Exit mobile version