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dc.contributor.authorSangster, Alan
dc.date.accessioned2019-03-04T03:50:09Z
dc.date.available2019-03-04T03:50:09Z
dc.date.issued2016
dc.identifier.issn0001-4826
dc.identifier.doi10.2308/accr-51115
dc.identifier.urihttp://hdl.handle.net/10072/173153
dc.description.abstractThe emergence of double entry bookkeeping marked the shift in bookkeeping from a mechanical task to a skilled craft, and represented the beginnings of the accounting profession. This study seeks to identify what caused this significant change in bookkeeping practice. I do so by adopting a new accounting history perspective to investigate the circumstances surrounding the emergence of double entry in early 13th century Italy. Contrary to previous findings, this paper concludes that the most likely form of enterprise where bookkeeping of this form emerged is a bank, most likely in Florence. Accountability of the local bankers in Florence to the Bankers Guild provided a unique external impetus to generate a new form of bookkeeping. This new bookkeeping format provided a clear and unambiguous picture of the accounts of all debtors and creditors, along with the means to check that the entries between them were complete and accurate.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherAmerican Accounting Association
dc.relation.ispartofpagefrom299
dc.relation.ispartofpageto315
dc.relation.ispartofissue1
dc.relation.ispartofjournalAccounting Review
dc.relation.ispartofvolume91
dc.subject.fieldofresearchAccounting, Auditing and Accountability not elsewhere classified
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchcode150199
dc.subject.fieldofresearchcode1501
dc.titleThe Genesis of Double Entry Bookkeeping
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.hasfulltextNo Full Text
gro.griffith.authorSangster, Alan


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