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.
Related Links
- Who is known as the father of Accountancy?
- What are the differences between the Straight Line and Diminishing Balance methods of charging Depreciation?
- What are compound Journal Entries?
- What is Journal Entry?
- What is Cash Book in Accounting?
- What is a Cash Transaction?
- What is Bookkeeping?
- What are the different methods of calculating Depreciation?
- What is depreciation?
- What are the National Symbols of India?
- What are the 16 Mahajanapadas of ancient India?
- The utensils used for frying cheenavala are called
- What is Rabi Crop?
- What is the full form of S.H.O?
- In which Indian state Onam festival is celebrated?
- Who composed the National Anthem?
- What is the work of Tehsildar?
- What is Kharif Crop?
- Who was the first President of the United States?
