Which of the following statements is true about accounting in China?
A)Accounting has a long history,dating back thousands of years.
B)The first professional accounting body in the People's Republic of China was established in 1988.
C)The philosopher Confucius taught about accounting.
D)All of the statements above are true.

Question

Quizplus · Accepted Answer

- A is true as accounting does have a long history in China, dating back thousands of years.
- B is also true as the first professional accounting body in the People's Republic of China was indeed established in 1988.
- C is also true as Confucianism, which is an important philosophy in China, does touch on matters related to accounting and finance.

Which of the Following Statements Is True About Accounting in China