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Double-entry Bookkeeping System
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and always has total debits and total credits that are equal. The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud. For example, if a business takes out a bank loan for $10,000, recording the transaction would require a debit of $10,000 to an asset account called "Cash", as well as a credit of $10,000 to a liability account called "Notes Payable". The basic entry to record this transaction in a general ledger will look like this: Double-entry bookkeeping is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the '' daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franciscan Friar
, image = FrancescoCoA PioM.svg , image_size = 200px , caption = A cross, Christ's arm and Saint Francis's arm, a universal symbol of the Franciscans , abbreviation = OFM , predecessor = , merged = , formation = , founder = Francis of Assisi , founding_location = , extinction = , merger = , type = Mendicant Order of Pontifical Right for men , status = , purpose = , headquarters = Via S. Maria Mediatrice 25, 00165 Rome, Italy , location = , coords = , region = , services = , membership = 12,476 members (8,512 priests) as of 2020 , language = , sec_gen = , leader_title = Motto , leader_name = ''Pax et bonum'' ''Peace and llgood'' , leader_title2 = Minister General , leader_name2 = ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italian Language
Italian (''italiano'' or ) is a Romance language of the Indo-European language family that evolved from the Vulgar Latin of the Roman Empire. Together with Sardinian, Italian is the least divergent language from Latin. Spoken by about 85 million people (2022), Italian is an official language in Italy, Switzerland ( Ticino and the Grisons), San Marino, and Vatican City. It has an official minority status in western Istria ( Croatia and Slovenia). Italian is also spoken by large immigrant and expatriate communities in the Americas and Australia.Ethnologue report for language code:ita (Italy) – Gordon, Raymond G., Jr. (ed.), 2005. Ethnologue: Languages of the World, Fifteenth edition. Dallas, Tex.: SIL International. Online version [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indo-Roman Trade Relations
Indo-Roman trade relations (see also the spice trade and incense road) was trade between the Indian subcontinent and the Roman Empire in Europe and the Mediterranean Sea. Trade through the overland caravan routes via Asia Minor and the Middle East, though at a relative trickle compared to later times, preceded the southern trade route via the Red Sea which started around the beginning of the Common Era (CE) following the reign of Augustus and his conquest of Egypt in 30 BCE. The southern route so helped enhance trade between the ancient Roman Empire and the Indian subcontinent, that Roman politicians and historians are on record decrying the loss of silver and gold to buy silk to pamper Roman wives, and the southern route grew to eclipse and then totally supplant the overland trade route. Roman and Greek traders frequented the ancient Tamil country, present day Southern India and Sri Lanka, securing trade with the seafaring Tamil states of the Pandyan, Chola and Chera dyn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Desi Namu
Desi Nama ( hi, देसी नामा , translit=desi nama, lit=Indian bend also: "Jama Nama") or ''Vahi Padhati'' ( hi, वाहीपद्धति, translit=vahi padhati, lit=book method) is the traditional accounting system developed and used in the Indian subcontinent. Early forms of this system were reportedly used in India before the double entry book keeping system was developed in Europe (13th century). History Early mentions/colonial times Various books have been written on desi namu from the late 1800s to the 1900s in regional languages. Adoption of western calendar In earlier times desi namu was recorded according Vikram Samvat calendar but now it is recorded according to the financial year. Accounting technique Debiting and crediting The sides are reversed images of those used in double entry system. The left-hand side is known as ‘Jama' (Credit) and theright-hand side is known as 'Udhar' (Debit). The first fold (sals) on each side is used for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Old Cairo
Old Cairo (Arabic: مصر القديمة , Miṣr al-Qadīma, Egyptian pronunciation: Maṣr El-ʾAdīma) is a historic area in Cairo, Egypt, which includes the site of a Roman-era fortress and of Islamic-era settlements pre-dating the founding of Cairo proper in AD 969. It is also considered part of what is referred to as " Historic Cairo" or "Islamic Cairo", and is a UNESCO World Heritage Site. History and description Roman fort and Coptic Cairo The Babylon Fortress is a Roman fortification around which many of the Egyptian Christians' oldest churches were built. It is unrelated to ancient Babylon or its empire. The area of Coptic Cairo is also part of Old Cairo. It comprises ruins of Roman fortifications and many old churches. Modern tourists visit locations such as the Coptic Museum, the Babylon Fortres, the Hanging Church and other Coptic churches. Count Gabriel Habib Sakakini Pasha (1841–1923), who had become a household name in his time, built a palace and a churc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pliny The Elder
Gaius Plinius Secundus (AD 23/2479), called Pliny the Elder (), was a Roman author, naturalist and natural philosopher, and naval and army commander of the early Roman Empire, and a friend of the emperor Vespasian. He wrote the encyclopedic '' Naturalis Historia'' (''Natural History''), which became an editorial model for encyclopedias. He spent most of his spare time studying, writing, and investigating natural and geographic phenomena in the field. His nephew, Pliny the Younger, wrote of him in a letter to the historian Tacitus: Among Pliny's greatest works was the twenty-volume work ''Bella Germaniae'' ("The History of the German Wars"), which is no longer extant. ''Bella Germaniae'', which began where Aufidius Bassus' ''Libri Belli Germanici'' ("The War with the Germans") left off, was used as a source by other prominent Roman historians, including Plutarch, Tacitus and Suetonius. Tacitus—who many scholars agree had never travelled in Germania—used ''Bella Ger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lady Justice
Lady Justice ( la, Iustitia) is an allegorical personification of the moral force in judicial systems. Her attributes are scales, a sword and sometimes a blindfold. She often appears as a pair with Prudentia. Lady Justice originates from the personification of Justice in Ancient Roman art known as ''Iustitia'' or ''Justitia'', who is equivalent to the Greek goddess Dike. The goddess Justitia The origin of Lady Justice was Justitia (or Iustitia), the goddess of Justice within Roman mythology. Justitia was introduced by emperor Augustus, and was thus not a very old deity in the Roman pantheon. Justice was one of the virtues celebrated by emperor Augustus in his '' clipeus virtutis'', and a temple of Iustitia was established in Rome by emperor Tiberius. Iustitia became a symbol for the virtue of justice with which every emperor wished to associate his regime; emperor Vespasian minted coins with the image of the goddess seated on a throne called ''Iustitia Augusta'', and many ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pre-modern
The term premodern refers to the period in human history immediately preceding the modern era, as well as the conceptual framework in the humanities and social sciences relating to the artistic, literary and philosophical practices which preceded those of modernism Modernism is both a philosophical and arts movement that arose from broad transformations in Western society during the late 19th and early 20th centuries. The movement reflected a desire for the creation of new forms of art, philosophy, an .... In chronological terms, it is loosely defined as extending from around the turn of the second millennium (1000 AD) through to the middle of the second millennium (1500 AD).} References {{Time-stub 2nd millennium Modern history Modernism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacioli
Fra Luca Bartolomeo de Pacioli (sometimes ''Paccioli'' or ''Paciolo''; 1447 – 19 June 1517) was an Italian mathematician, Franciscan friar, collaborator with Leonardo da Vinci, and an early contributor to the field now known as accounting. He is referred to as the father of accounting and bookkeeping and he was the first person to publish a work on the double-entry system of book-keeping on the continent. He was also called Luca di Borgo after his birthplace, Borgo Sansepolcro, Tuscany. Several of his works were plagiarised from Piero della Francesca, in what has been called "probably the first full-blown case of plagiarism in the history of mathematics". Life Luca Pacioli was born between 1446 and 1448 in the Tuscan town of Sansepolcro where he received an abbaco education. This was education in the vernacular (''i.e.'', the local tongue) rather than Latin and focused on the knowledge required of merchants. His father was Bartolomeo Pacioli; however, Luca Pacioli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venice
Venice ( ; it, Venezia ; vec, Venesia or ) is a city in northeastern Italy and the capital of the Veneto Regions of Italy, region. It is built on a group of 118 small islands that are separated by canals and linked by over 400 bridges. The islands are in the shallow Venetian Lagoon, an enclosed bay lying between the mouths of the Po River, Po and the Piave River, Piave rivers (more exactly between the Brenta (river), Brenta and the Sile (river), Sile). In 2020, around 258,685 people resided in greater Venice or the ''Comune di Venezia'', of whom around 55,000 live in the historical island city of Venice (''centro storico'') and the rest on the mainland (''terraferma''). Together with the cities of Padua, Italy, Padua and Treviso, Italy, Treviso, Venice is included in the Padua-Treviso-Venice Metropolitan Area (PATREVE), which is considered a statistical metropolitan area, with a total population of 2.6 million. The name is derived from the ancient Adri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Summa De Arithmetica
' (''Summary of arithmetic, geometry, proportions and proportionality'') is a book on mathematics written by Luca Pacioli and first published in 1494. It contains a comprehensive summary of Renaissance mathematics, including practical arithmetic, basic algebra, basic geometry and accounting, written for use as a textbook and reference work. Written in vernacular Italian, the ''Summa'' is the first printed work on algebra, and it contains the first published description of the double-entry bookkeeping system. It set a new standard for writing and argumentation about algebra, and its impact upon the subsequent development and standardization of professional accounting methods was so great that Pacioli is sometimes referred to as the "father of accounting". Contents The ''Summa de arithmetica'' as originally printed consists of ten chapters on a series of mathematical topics, collectively covering essentially all of Renaissance mathematics. The first seven chapters form a summ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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