Father of Accounting | Luca Pacioli

Father of Accounting 

Luca Pacioli (Fra Luca Bartolomeo de Pacioli) is known as father of accounting.

He was born between 1446 and 1448 in Tuscany (Italy) where he received an abacus education.

His father was Bartolomeo Pacioli.

This was education in the vernacular (the local tongue) rather than Latin and focused on the knowledge required of merchants.

Photo credit: Wikipedia

He moved to Venice (city of Italy) around 1464, where he continued his own education while working as a tutor to the three sons of a merchant.

During this period, he wrote his first article on arithmetic for the boys he was tutoring.

In 1475, he started teaching in Perugia as a private teacher.

He wrote a comprehensive textbook in the vernacular (mother language) for his students.

He worked continue as a private tutor of mathematics.

He was Italian mathematician.

In 1494, first book ‘Summa de Arithmetica, Geometria et Properntione’ (Everything about Arithmetic, Geometry and Portion) was printed in Venice.

He died about the age of 70 in 1517.

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Click on link for YouTube videos CHAPTERS OF CLASS 11

ACCOUNTING EQUATION  http://tiny.cc/c89jkz

BASIC JOURNAL ENTRIES IN NEPALI http://tiny.cc/uaakkz

BASIC JOURNAL ENTRIES http://tiny.cc/8aakkz

JOURNAL ENTRY AND LEDGER http://tiny.cc/caakkz

LEDGER http://tiny.cc/haakkz

SUBSIDIARY BOOK http://tiny.cc/399jkz

CASH BOOK http://tiny.cc/889jkz

TRIAL BALANCE & ADJUSTED TRIAL BALANCE http://tiny.cc/c59jkz

BANK RECONCILIATION STATEMENT (BRS) http://tiny.cc/q59jkz

DEPRECIATION http://tiny.cc/ugakkz

FINAL ACCOUNT: CLASS 11 http://tiny.cc/y89jkz

ADJUSTMENT IN FINAL ACCOUNT http://tiny.cc/keakkz

CAPITAL AND REVENUE http://tiny.cc/peakkz

SINGLE ENTRY SYSTEM http://tiny.cc/n19jkz

NON-PROFIT ORGANIZATION (NON-TRADING CONCERN http://tiny.cc/j09jkz

GOVERNMENT ACCOUNTING http://tiny.cc/hcakkz

GOSWARA VOUCHER (JOURNAL VOUCHER) http://tiny.cc/hcakkz

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