Professor Elam

Thursday November 8 2012

Here is a review of Double Entry. This book describes the evolution of double entry accounting and its first well written description in 1494 by Luca Pacioli.  This ordering of business accounts was hailed as  a near scientific achievement at the time.  As Luca comments on his creation, without it, 'it would be impoassible for them to conduct their business for they woudl have no rest and their minds would always be troubled.'