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    Accounting originated in the 15th century with Luca Pacioli, a famous Italian mathematician, who wrote one of the earliest works on bookkeeping and accounting. Pacioli is considered the "father of accounting" for codifying the double-entry system of accounting still used today. His work laid the foundation for modern accounting practices and principles.

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    Accounting originated in the 15th century with Luca Pacioli, a famous Italian mathematician, who wrote one of the earliest works on bookkeeping and accounting. Pacioli is considered the "father of accounting" for codifying the double-entry system of accounting still used today. His work laid the foundation for modern accounting practices and principles.

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    32 views1 page

    02 History & Contemporary Developments in Accounting

    Uploaded by

    RewsEn
    Accounting originated in the 15th century with Luca Pacioli, a famous Italian mathematician, who wrote one of the earliest works on bookkeeping and accounting. Pacioli is considered the "father of accounting" for codifying the double-entry system of accounting still used today. His work laid the foundation for modern accounting practices and principles.

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    History of Accounting

    9. The origins of accounting are attributed to Luca Pacioli, a famous mathematician. (T)

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