Bookkeeping has existed in different structures and levels of refinement all through mankind's set of experiences. The twofold passage bookkeeping framework being used today was created in middle age Europe, especially in Venice, and is typically credited to the Italian mathematician and Franciscan monk Luca Pacioli.[9] Today, bookkeeping is worked with by bookkeeping associations like standard- setters, bookkeeping firms and expert bodies. Budget summaries are normally reviewed by