Multiple choice

Double Entry system was introduced by

  1. American Merchant

  2. Italian Marchant

  3. British Merchant

  4. Indian Merchant
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The double entry system of bookkeeping was developed by Italian merchants, notably Luca Pacioli in 1494 who documented the system. This innovation became the foundation of modern accounting. American, British, and Indian merchants adopted it later.

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