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Luca Pacioli

Italian mathematician

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Luca Pacioli was an Italian mathematician and Franciscan friar during the Renaissance. He is widely recognized as the "father of accounting" for his pioneering work in detailing bookkeeping practices that are still in use today. Pacioli's key contribution was the publication of a detailed description of the double-entry bookkeeping system. He advised merchants to maintain accurate ledgers, with debits recorded on the left side and credits on the right, a method that ensures the balancing of business transactions. Pacioli was also a friend of Leonardo da Vinci.12

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