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Question 15 of 26

Q.The person who developed double-entry book-keeping system :

(a) R.N. Carter
(b) J.R. Batliboi
(c) M.C. Shukla
(d) Luca Pacioli
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2023MCQ· 1mImportance★★★★★
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Luca Pacioli developed the double-entry book-keeping system, so the answer is (d).

The double-entry system records every transaction with two equal and opposite effects — a debit and a credit — keeping the books always in balance. The Italian mathematician Luca Pacioli systematically described this method in his 1494 work, earning him recognition as the father of modern accounting.

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