
Pacioli, Debits and Credits
In our continuing exploration of Luca Pacioli’s documentation of bookkeeping in 1494, this weeks’ video highlights the purpose of Debits and Credits. Bookkeeping has a flow to it. Like raw materials through a production line, amounts in various accounts rarely are static. The balances increase, and decrease, and move from one account to another. Debits and Credits simply make that movement happen. In a recent … Continue reading Pacioli, Debits and Credits