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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Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia