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Luca Pacioli is known as the "Father of Accounting"
luca Pacioli (1447 - 1517) was the first to provide full
information on the double-entry accounting method.
He was an Italian mathematician and Franciscan
monk who worked with Leonardo da Vinci (who also
took maths lessons from Pacioli)
Golden rules
• Golden Rules of Accounting
• 1) Rule One. "Debit what comes in - credit what goes out." This
legislation applies to existing accounts. ...
• 2) Rule Two. "Credit the giver and Debit the Receiver." It is a rule for
personal accounts. ...
• 3) Rule Three. "Credit all income and debit all expenses."
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx
accounting basic.pptx

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accounting basic.pptx

  • 1. Luca Pacioli is known as the "Father of Accounting" luca Pacioli (1447 - 1517) was the first to provide full information on the double-entry accounting method. He was an Italian mathematician and Franciscan monk who worked with Leonardo da Vinci (who also took maths lessons from Pacioli)
  • 2.
  • 3. Golden rules • Golden Rules of Accounting • 1) Rule One. "Debit what comes in - credit what goes out." This legislation applies to existing accounts. ... • 2) Rule Two. "Credit the giver and Debit the Receiver." It is a rule for personal accounts. ... • 3) Rule Three. "Credit all income and debit all expenses."