ACC 100 100
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Unit 1 Practice Milestone correct answers
- Exam (elaborations) • 8 pages • 2022
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QUESTION 1
Which of the following accounting systems was used in Italy in the 1500s?
A. T-accounts
B. Journal entry
C. Double entry
D. General ledger
QUESTION 2
Which of the following was created by the government to police financial reporting and to prevent instances of
fraud and misconduct?
A. Sarbanes-Oxley Act
B. Accounting Cycle
C. Internal Control
D. Accounting System
Exam (elaborations)
Unit 1 Practice Milestone correct answers
Last document update:
ago
QUESTION 1 Which of the following accounting systems was used in Italy in the 1500s? A. T-accounts B. Journal entry C. Double entry D. General ledger QUESTION 2 Which of the following was created by the government to police financial reporting and to prevent instances of fraud and misconduct? A. Sarbanes-Oxley Act B. Accounting Cycle C. Internal Control D. Accounting System
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