Question

Accounting has its roots in the 15th century, when which of the following groups of people used the double entry accounting system? a) Italian merchants b) Greek fishermen c) Chinese traders d) Turkish craftsmen

Answer 1

Answer:

a) Italian merchants

Explanation:

The double entry book keeping was firstly establihsed and implemented by the northern italy in order to record day to day business transactions and it was spread over the Europe via different routes of trading and also it forms the standardised business accounting.

Therefore as per the given statement, the first option is correct