Question

why do historians consider the dissemination of the double-entry bookkeeping of Luca Pacioli in the fourteenth century the most important event in the accounting history?​

Answer 1

Answer:

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Answer 2

Answer:

• Keeping records has been a practice since the emergence of the earliest civilizations.
• The inventory of the items held in the royal storehouses was meticulously recorded by ancient Egyptian bookkeepers.
• In addition to Egypt, Mesopotamia also preserved trade records on clay tablets.

• The spread of double-entry bookkeeping by Luca Pacioli later in the 14th century is typically regarded as the most significant development in accounting history.
• In his work De Computis et Scripturis, often known as Of Reckonings and Writings, Pacioli discussed double-entry accounting and other business-related ideas.
• This is the reason why double-entry book-keeping is considered by the dissemination of the double-entry bookkeeping of Luca Pacioli in the fourteenth century the most important event in the accounting history

SPJ3