Question

In which language accountancy was first established?

Answer 1

The name that looms largest in early accounting history is Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his “Summa de Arithmetica, Geometria, Proportioni et Proportionalita.” Of course, businesses and governments had been recording business information long before the Venetians. But it was Pacioli who was the first to describe the system of debits and credits in journals and ledgers that is still the basis of today's accounting systems.

Read more: Accounting Basics: History Of Accounting https://www.investopedia.com/university/accounting/accounting1.asp#ixzz57QH2KEJh
Follow us: Investopedia on Facebook