Luca Pacioli is credited with formalizing this system, credited by some as one of the major forces behind the Renaissance.
Luca Pacioli is credited with formalizing this system, credited by some as one of the major forces behind the Renaissance. Transactions related to purchases, expenses and [*] increases in a company's assets are kept on one side, while transactions related to revenues and increases in a company's liabilities are kept on the other. For 10 points—this describes what deceptively simple accounting method?
Luca Pacioli is credited with formalizing this system, credited by some as one of the major forces behind the Renaissance.
double-entry bookkeeping