Question: The first known documentation of the double - entry system was first recorded in 1 4 9 4 by Luca Pacioli, who is widely known

The first known documentation of the double

-

entry system was first recorded in

1494

by Luca Pacioli, who is widely known today as the Father of Accounting because of the book he published that year detailing the concepts of the double

-

entry bookkeeping method.Do you think this double entry accounting system makes sense? Can you conceive of other possible methods for recording changes in accounts?

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