Pacioli's example entries-a conundrum resolved?
Author(s)
Sangster, Alan
Stoner, Greg
Scataglini-Belghitar, Giovanna
Lange, Paul
O'Connell, Brendan
Griffith University Author(s)
Year published
2014
Metadata
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This paper discusses the nature of the 10 example paragraph entries at the end of Pacioli's bookkeeping treatise. It concludes that these are entries from fledgling banking operations involving one account holder and one borrower who, along with two others, has financial transactions with the account holder. The widely held assumption that they are examples of entries in the Ledger is set aside and it is concluded that, on the basis of the available evidence, they are examples of entries in a Ricordanze, a record book Pacioli described as being used to record items of this type.This paper discusses the nature of the 10 example paragraph entries at the end of Pacioli's bookkeeping treatise. It concludes that these are entries from fledgling banking operations involving one account holder and one borrower who, along with two others, has financial transactions with the account holder. The widely held assumption that they are examples of entries in the Ledger is set aside and it is concluded that, on the basis of the available evidence, they are examples of entries in a Ricordanze, a record book Pacioli described as being used to record items of this type.
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Journal Title
Abacus: A Journal of Accounting, Finance and Business Studies
Volume
50
Issue
1
Subject
Accounting, Auditing and Accountability not elsewhere classified
Accounting, Auditing and Accountability
Banking, Finance and Investment