Q. Who is known as the father of Accountancy?
Top Answer
Solution:
The father of accountancy is widely considered to be Luca Pacioli.
- He was an Italian mathematician and Franciscan.
- Pacioli is best known for writing the book “Summa de Arithmetica, Geometria, Proportioni et Proportionalita” (Summary of Arithmetic, Geometry, Proportions, and Proportionality), published in 1494.
- This book contained a section called “Particularis de Computis et Scripturis” (Details of Calculation and Recording), which is considered the first published work on double-entry bookkeeping.
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