Financial accounting in its present-day form can be most accurately traced back to: A) Mesopotamia in the 3^rd century BC B) Northern Italy in the 14^th and 15^th centuries C) The Industrial Revolution in Britain in the 19^th century D) The development of the assembly line in the early 20^th century in the USA

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The modern system of financial accounting, including the double-entry bookkeeping method, is most accurately traced back to Northern Italy in the 14th and 15th centuries. This system was documented in 1494 by Luca Pacioli, known as the "Father of Accounting," in his book "Summa de Arithmetica, Geometria, Proportioni et Proportionalita." This foundational work laid the groundwork for the financial accounting practices used today.

Financial Accounting in Its Present-Day Form Can Be Most Accurately