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Double-entry bookkeeping

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Double-entry bookkeeping

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Created by

Daniela Lopez
Daniela Lopez
Argentina

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Double-entry bookkeeping
 

Double-entry bookkeepingOnline version

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by Daniela Lopez
1

Pacioli is called the "Father of Accounting" because his method is no longer used by modern companies.

2

In this system, debits and credits must always be equal.

3

This discovery is very useful because it helps companies detect errors and fraud quickly.

4

This accounting system consists of recording transactions in three different parts.

5

Luca Pacioli published his work about the double-entry system in 1494.

 
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