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Lucas Pacioli and The Summa

Pacioli was born in 1945 at Borgo San Sepulcro in Toscana, PaciolI acquired on amazing knowledge of diverse technical subject like bussiness,military science maths,medicine,art,music,law and language. He had a great importance in topics such us maths and accounting. In 1482 Pacioli became a franciscan friar and in 1486 he got his doctorate degree

Pacioli never said "I was never the inventor of double entry bookkeeping. Benedetto wrote Della Mercatura et the mercante Perfetto, which included a chapter talking about the double entry features.

Pacioli was 50 years old in 1494, when his fifth book was publicated , summa de arithmetica,geometria,proportioni et proportionalita in Venice. It was written as a guide for mathematical and accounting studies.

Perhaps the best proof that Pacioli's work was consideed potentially significant, even at the timeof publication, was thevery fact that it was printed on November 10, 1494. Gutenberg had, just aquarter century earlier, invented metal type, and it was still an extremely expensiveproposition to print a book.

The Summa book has 36 short chapters on bookkeeping: They contained all the instructions in the conduction of a bussiness and the information about his assets and liabilities.

HISTORY OF ACCOUNTING