Question: Double entry bookkeeping was implemented in 1594? True False

Double entry bookkeeping was implemented in 1594?
True
False

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

This statement is false Correct answer is 1494 The modern double entry bookkeeping system ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Computer Engineering Questions!

Q:

True / False Questions: If false, give a counterexample or a brief explanation? (a) A solution set of a homogeneous system of linear algebraic equations, given by Is a subspace of R4. True or false?...

Q:

In Problem indicate true (T) or false (F) 157 Sy

Q:

True / False Questions If true, explain. Iffalse, give a 2 ( 2 counterexample. (a) A diagonal matrix is invertible if and only if its diagonal elements are nonzero. True or false? (b) An upper...

Q:

Double entry book-keeping was created many centuries back in Europe and journal entries were an integral part of the book keeping system. In a standard cost system, a favorable variance will appear...

Q:

Double entry book-keeping was created many centuries back in Europe and journal entries were an integral part of the book keeping system. At the end of the accounting period, all variances are closed...

Q:

Double entry book-keeping was created many centuries back in Europe and journal entries were an integral part of the book keeping system. At the end of the accounting period, all variances are closed...

Q:

Microsoft Inc. has large overheads in their headquarters at Seattle. Microsoft applies overhead based on direct labor hours. The variable overhead standard is 9 hours at $5.00 per hour. During...

Q:

Double entry book-keeping was created many centuries back in Europe and journal entries were an integral part of the book Keeping system. At the end of the accounting period, all variances are closed...

Q:

Microsoft Company makes high quality Computers. Recently they had a corporate meeting where they decided to apply overhead based on direct labor hours. The variable overhead standard is 10.50 hours...

Q:

Medicare Part C or Medicare Choice was implemented in 1 9 9 7 . True False

Q:

If 1 = X/n , 2 = X + 1 / n+ 2 , and 3 = 1/3 are estimators of the parameter of a binomial population and = 1/2 , for what values of n is (a) The mean square error of 2 less than the variance of 1;...

Q:

For each of the following impulse responses of LTI systems, indicate whether or not the system is stable: (a) h[n] = 4 n u[n] (b) h[n] = u[n] u[n 10] (c) h[n] = 3 n u[n 1] (d) h[n] = sin( n/3)u[n]...

Q:

4. What value is assigned to the lblNum control when the lblNum.Text = 99 \ 25 instruction is processed by the computer?

Q:

Egg Drop you are on the roof of the physics building. 46.0 m above the ground (Fig 2.49) your physics professor, who is 1.80 m tall, is walking alongside the building at a constant speed of 1.20 m/s....

Q:

A sled starts from rest at the top of a hill and slides down with a constant acceleration. At some later time it is 14.4 m from the top; 2.00 s after that it is 25.6 m from the top, 2.00s later 40.0...

Q:

An astronaut has left the International Space Station to test a new space scooter. Her partner measures the following velocity changes, each taking place in a 10-s interval. What are the magnitude,...

Q:

Entering the Freeway a car sits in an entrance ramp to a freeway, waiting for a break in the traffic. The driver accelerates with constant acceleration along the ramp and onto the freeway. The car...

Q:

A subway train starts from rest at a station and accelerates at a rate of 1.60 m/s2 for 14.0 s. It runs at constant speed for 70.0 s and slows down at a rate of 3.50 m/s2 until it stops at the next...

Q:

What else do adult frogs use to breathe (exchange gas) besides lungs? Group of answer choices gills skin water eggs

Q:

1 4 . A business had the following assets and liabilities: receivables of $ 4 , 0 0 0 , inventory of $ 5 5 0 , motor vehicles of $ 1 2 , 5 0 0 , payables of $ 7 , 0 5 0 and a bank loan of $ 2 , 5 0 0...

Q:

Consider the following statements about control accounts. (i) Control accounts can help to speed up the preparation of draft accounts by providing the balance sheet value for trade debtors and trade...

Q:

need help for Question 1 and 2 of the assignment fir ACCT 221 FORENSIC BUSINESS INVESTIGATION. Pertains to WorldCom scandal. QAssuming WorldCom was a company operating in Australia at the time of the...

Q:

This question concerns lexical grammars. (a) Tree Adjoining Grammars contain two types of elementary tree. (i) What are these trees called? [1 mark] (ii) If one were building a grammar for English...

Q:

A balance sheet shows: A: the assets, liabilities, and owner's equity of a particular business. B: a business's profit. C:all costs incurred over a period of time. D: a business's activities over a...

Q:

A balance sheet shows: A: the assets, liabilities, and owner's equity of a particular business. B: a business's profit. C:all costs incurred over a period of time. D: a business's activities over a...