Double entry book keeping tells us that for every dollar of tax rebate put into the economy, there had to be a dollar taken out of the private sector in the form of additional savings used to purchase the newly issued government debt.
A lengthy entry in this book explains for the first time a system of accounting called double-entry book-keeping.
His treatise about double-entry book-keeping was one of the first books printed there, in 1494.
After all, this is where much of European capitalism began, complete with modern banking and double-entry book-keeping.
I'd often worked for them as a student so I was unfazed by hard graft or double-entry book-keeping.
Very funny for a man who has spent over a quarter of a century double-entry book-keeping, calculating, endlessly keeping track of fugitive sums.
As a neat, transparent way of collecting information about a business and rewarding capital investment, double-entry book-keeping offered a soaring new sense of the bottom line.
JANE GLEESON-WHITE, author of a new book about the genesis of double-entry book-keeping, discusses the little known roots of the practice in Renaissance Venice.
Whereas business institutions in the Islamic world remained atomised, the West developed ever more resilient corporations limited liability became widely available in the mid-19th century—as well as a penumbra of technologies such as double-entry book-keeping and stockmarkets.How much does this matter for modern business?
It was only a question of time until someone wrote down these new management practices, just as Luca Pacioli, a Franciscan friar and mathematician, wrote down the principles of double-entry book-keeping as used by merchants in Venice in the late 15th century.This time there are actually two competing Paciolis, Mr Blank and Eric Ries.
The first real AH bestseller was L Sprague de Camp's 1939 novel Lest Darkness Fall, in which a modern time traveller attempts to prevent the collapse of the western Roman Empire by introducing steam engines, pencils, double-entry book-keeping and other exciting innovations.
