The Major Genoese Influence on Accounting Was

question 14

Multiple Choice

The major Genoese influence on accounting was

• A) the establishment of Luca Pacioli's first accounting program at the University of Genoa.
• B) the development of large associations and partnerships that pooled capital.
• C) the development of the gold florin, the standard gold piece used in Europe.
• D) the double entry books of the Massari (treasury officials), which date from 1340.

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Definitions:

English Colony

A territory under the control and governance of England or the British Empire, established from the 16th to the 19th centuries in various parts of the world.

Currency

The system of money in general use in a particular country or economic context.

Chesapeake Colonies

Refers to the British colonies in North America that were along the Chesapeake Bay, primarily Virginia and Maryland, known for their tobacco economies.

Seventeenth-Century

The period from 1601 to 1700, characterized by significant cultural, political, and scientific developments in Europe and the beginnings of European colonization in the Americas.