Double-entry Bookkeeping and Paciolo's Bookkeeping Theory: Dedicated to the 500th Anniversary of the Publication of Paciolo's Treatise on Bookkeeping

In 1494, Luca Paciolo,the Father of Modern Accounting, published his famous work, SUMMA DE ARITHMETICA, GEOMETRIA, PROPORTIONI ET PROPORTIONALITA (hereinafter referred to as the SUMMA). In Chapter 3 of the SUMMA,"Particulatis De Computis et Scripturis" (Details of Accounting and Recording), the author systematically introduced