Who invented accounting and the double entry system

Assignment Help Financial Accounting

Reference no: EM132772048

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: EM132772048

Questions Cloud

Prepare the operating section of realtree supplies cash flow : Prepare the operating section of Realtree Supplies' cash flow statement for the year ended December 31, 2021, using the indirect method.

Why did involvement of the senior managers make a difference : To increase client satisfaction, several senior managers at Avondale Industries arranged training for the sales accountant managers at the company's four wheel.

What is the amount of outstanding checks for november : How much is the deposit in transit for the month of November? What is the amount of outstanding checks for November? book debit for nov. 1600,000

Difference between gap analysis and solution analysis : Explain the difference between gap analysis and solution analysis. Give two examples of variables which potentially could be considered as part of a solution.

Who invented accounting and the double entry system : Who need financial and management accounting information and for what purpose? What are the underlying assumptions that govern accounting?

Define the skilled independent scheme for immigration : Briefly describe the differences between the employer nomination scheme for immigration to Australia and the skilled independent scheme for migration to.

Comment on the impairment of cheer and beer machine : Beer thus concludes that no impairment loss should be required on the machine. Discuss and comment on the impairment of Cheer and Beer's machine.

Compute the net present value for hillsong inc : Compute the net present value for Hillsong Inc. Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine

User Account

All Pages