David Kestenbaum http://kplu.org en The accountant who changed the world http://kplu.org/post/accountant-who-changed-world The story of the birth of accounting begins with numbers. In the 1400s, much of Europe was still using Roman numerals, and finding it really hard to easily add or subtract. (Try adding MCVI to XCIV.)<p>But fortunately, Arabic numerals (1, 2, 3, 4, etc.) started catching on, and with those numbers, merchants in Venice developed a revolutionary system we now call "double-entry" bookkeeping. This is how it works:<p>Every transaction gets entered twice in financial records. Thu, 04 Oct 2012 23:15:49 +0000 David Kestenbaum 6606 at http://kplu.org The accountant who changed the world