Question

The first profounder of the Double Entry system was
(a) Huge Old Castle
(b) Lucas Pacioli
(c) Batali Boi
(d) William Picalls

Answer 1

Answer:

(b) Lucas pacioli. was the first profounder of the double entry system

Answer 2

Answer:

The first profounder of the Double Entry system was (b) Lucas Pacioli. He was also referred to as Friar Luca.

He was from France and was known to be a collaborator of Leonardo da Vinci.

The first book on Double Entry accounting system was published in 1494 by Pacioli and therefore also referred to as the Father of Accounting.