What is Double Entry System? its Merits and Limitations

Luca Pacioli the Italian mathematician

Double entry system of accounting is more than 500 years old. In 1494, an Italian mathematician Luca Pacioli published Summa de Arithmetica, Geometria, Proportioni, et Proportionalita (“Everything about Arithmetic Geometry and proportions”). This is the first book that described a Read More …