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    harveysk5's Avatar
    harveysk5 Posts: 1, Reputation: 1
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    #1

    Mar 1, 2010, 09:46 PM
    The origin of accounting are generally attributed to the work of
    If the origins of accounting are generally attributed to the work of
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 1, 2010, 10:13 PM

    History

    Scholars have traced the origin of double-entry bookkeeping to Italy, where merchants used it during the 1300's. The first known explanation of the system appeared in 1494 in Summa de Arithmetica, Geometria: Proportioni et Proportionalita, a mathematics book written by the monk Luca Pacioli and published in Italy.

    The first American bookkeeping text was A New Complete System of Book-keeping by an Improved Method of Double Entry (1796), written by William Mitchell and published in Philadelphia. Another important step in the development of bookkeeping in the United States occurred in 1880 with the publication of "The Algebra of Accounts," a series of articles by accountant Charles E. Sprague. By the early 1900's, the subject of bookkeeping was incuded in the beginning chapter of many accounting texts. Today, bookkeeping is taught in high schools and vocational schools. Many students also learn the principles of double-entry bookkeeping in basic accounting courses in college.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Mar 1, 2010, 11:43 PM

    I'm glad we have the internet these days, where someone can just answer everything for you and you don't actually have to do any work for yourself, like actually doing research. It would have been nice to have such resources in my college days so that I didn't have to do any work.

    I hope when I go to a professional they did not pass all their classes this way.

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