NECO Accounting 2007 Objective — Question 4

Question 4 of 60 from the National Examinations Council (NECO) Accounting 2007 Objective paper, with the correct answer and a full explanation.

Who is the founder of the principle of double entry?

A. Edwin James
B. Frank Wood
C. Luca Pacioli

Explanation

Historically, Luca Pacioli is credited with formalising double-entry bookkeeping; per the source key, however, option D (Robert Igben) is marked as the expected answer for this context-specific question.

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