Who invented accounting and the double entry system

Assignment Help Financial Accounting

Reference no: EM132772047

Humans need doctors just as businesses need accountants. Accounting is essential in the business world. You are required to write report that traces the historical development of accounting. Your report should, among others, answer the following basic questions:

Problem a. What is accounting?

Problem b. Why is accounting important?

Problem c. Who invented accounting and the double entry system?

Problem d. What is the purpose of accounting?

Problem e. What are the underlying assumptions that govern accounting?

Problem f. Differentiate between financial accounting and management accounting.

Problem g. Who need financial and management accounting information and for what purpose?

Reference no: EM132772047

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