2019 - Franco Angeli
Articolo
Versione Digitale
Download | Copia/incolla | Stampa
The correction of double entry bookkeeping errors in the late 14th century
7-30 p.
- There have been several studies of medieval bookkeeping practices. This paper adds to that literature by focusing on the treatment of errors in the ledger of the Medieval Italian merchant, Francesco di Marco Datini, most of which were for the years 1395-6. The analysis shows that, contrary to the perception in the literature, accountants of that period not only detected errors, but also devised methods to address them that ensured that the overall financial result reflected a fair presentation of what had occurred, and that they did not simply use the account for Profits and losses as an easy outlet in which to record an amount that balanced the books. In addition, the accuracy of individual ledger accounts was not deemed important once they had been balanced, even after errors were detected. [Publisher's text]
Fa parte di
Contabilità e cultura aziendale : rivista della Società Italiana di Storia della Ragioneria : XIX, 1, 2019-
Informazioni
Codice DOI: 10.3280/CCA2019-001002
ISSN: 2283-7337
PAROLE CHIAVE
- Ledger, trial balance, operating income, operating loss, the Profits and Losses account, adjustment entries
-
Nello stesso fascicolo
- Editorial : summer of (accounting history) ideas
- The correction of double entry bookkeeping errors in the late 14th century
- Ruling minorities within groups of companies and their problems : proposals from the European literature, 1776-1976
- The forgotten origins of social accounting : two pioneering U.S. models of the early 1970s
- Gleanings
- News
