Who Invented Double-Entry Accounting?

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The concept of Double-Entry Accounting is more than 500 years old. It was first documented by an Italian mathematician called Luca Pacioli, in his book "Summa de Arithmetica".

The concepts in this book helped spark the rise of modern capitalism, and earned Luca a new name... the "Father of Accounting".

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#Shorts #accountingstuff

[jmwild]

It's crazy how conceptually simple it is, it's kinda beautiful.

[kaelanmccarthy]

More accounting history videos would be awesome! I’ve been wanting to learn about it since I’ve been in school for accounting!

[JessTryon]

PLS PLS PLS do a video on Accounts Receivable in regards to estimating Allowances for doubtful accounts and how to adjust/journalize the entries along with bad debt expense 😭🙏🏻

[JustineGado]

Its really different when it comes to book, the book says that Amatino Manucci is the one who invented the double entry accounting but it was Luca Pacioli who explained or demonstrated what double entry is, he didn’t put a claim on double entry accounting yet he was named as the father of accounting for demonstrating in a excellent way what double entry is.

I know I should give a citation on the book I have read but I cannot remember the name of the book for the reason that its not mine.

[lukem]

This is not the only double entry I've heard of.

[jimjames]

Equal and opposite entry. Way ahead of Einstein.