In this respect, what frustrated me most in this book was that, despite 17 pages being devoted to 16th and 17th century Dutch accounting in Chapter 5, no attempt is made to distinguish between the Italian method of double entry bookkeeping and Hanseatic (or 'factor' or 'agent') accounting, a totally different form of bookkeeping involving dual entries but with completely different objectives that did not include the calculation of profit or of wealth, and included no accounts for capital, profit and loss, or non-current assets.
Some throwaway lines are presented in this book that are simply wrong, such as the statement that double entry bookkeeping was essential for those operating in the international slave trade (p.
JG-W: Yes, but he made some really fascinating assertions about double entry bookkeeping
The following answer is not absolute, and it may not have the profound effect on history that double entry bookkeeping
has had; however, it may help.
In other cases, we know that evidence exists but we delay in investigating it for so long that we allow incorrect assumptions to flourish--take the case of Genoa (wrongly) being said to be the first place in which a full system of double entry bookkeeping was maintained.
Last year, I reviewed Ms Gleeson-White's book on the history and influence of double entry bookkeeping (Sangster, 2012).
The term is now often applied to any bookkeeping arrangements that cannot be described as double entry bookkeeping
Abstract: Double entry bookkeeping
emerged by the end of the 13th century and was adopted by, for example, the Datini of Prato during the 1380s.
Abstract: There is much we do not know about the early development of double entry bookkeeping
146-147] complains that De Scripturis does not include any general rule or rules purporting to guide the reader as to which account to debit and which to credit in a particular case, having previously quoted Manzoni : "the whole difficulty of the art of double entry bookkeeping
is to know how to discern in each transaction which account is to be debited and which to be credited.
1994), Luca Pacioli: Exposition of Double Entry Bookkeeping
, Venice 1994 (Venice: Albrizzi): 95-169.
1994), "Exposition of Double Entry Bookkeeping
in Venice 1494," in Gebsattel, A.
From the second edition of 1901, the title of the text was expanded and became Station Book-keeping: A Treatise on Double Entry Bookkeeping
for Pastoralists and Farmers.
1994), "The Historical and Social Context of the Introduction of Double Entry Bookkeeping
to Japan," Accounting, Business & Financial History, Vol.
Calls for broader thinking on the history of double entry bookkeeping
and for more research on possible antecedents in the Islamic state.