Double entry system owes its origin to an Italian merchant
Double entry system owes its origin to an Italian merchant

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Insp. Residents, among others. Government wants a house and several vehicles forfeited after their owners were charged with drug trafficking in Manitoba. Double entry system owes its origin to an Italian merchant named Luco Pacioli who wrote the first book entitled ‘Depository Computies et Scrituris’ on double entry accounting in the year 1494. For example, when we purchase goods for cash, we receive goods and give cash in return; similarly in a credit sale of goods, goods are given to the customer and the customer becomes debtor for the amount of goods sold to him. This method of canada goose outlet online store review writing every transaction in two accounts is known as Double Entry System of Accounting.

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