CRONICA DE PERSONAJE CONTABILIDAD

FABIAN ENRIQUE ESTEVEZ VILLAMIZAR

TRABAJO DE INGLES

SENA

BUCARAMANGA

2022
 CHRONICLE OF FRAY LUCA
PACIOLI

He character i chose for my chronicle for is contribution to accounting was the

fray lucca pacioli know as te father of modern accounting. He was born in san
sepulcro, province of arezzo in the italian region of tuscany in 1945 and died on 19
june in 1517 san sepulcro italy. Luca pacioli at the summa shows us how mathematics
can be used in commerce, in daily life and in the distribution of goods. In the divine
proportione proves that mathematics is closely linked to the beauty and symetric.
Although Pacioli's geometry draws little attention, the business aspects of the book
became so popular that the author is considered the father of modern double-
entry bookkeeping by him. The law of double entry was explained for the first time by
Fray Luca Pacioli. This law speaks to us of the parity between financial operations
in order to be able to maintain an order between the accounts to know if there is
utility or not. Although Luca Pacioli did not invent this law, he was the first to explain
it through writings for merchants in Venice more than 500 years ago

In it, Pacioli devoted thirty-six chapters to the description of the accounting methods
used by the main Venetian merchants. The author also devoted part of his work to the
description of other commercial uses, such as partnership contracts, the collection of
interest and the use of bills of exchange. According to Pacioli, the entries in the
daily book consist of two clearly differentiated parts: one beginning with the word
(Debit of the accounting entry) and the other with the word is (the Credit of the
accounting entry), antecedent of the traditional accounting entry model. Based on the
need to transmit economic information for later times. He was the first person to
publish detailed material on the accounting system. Most of the accounting
principles and cycles described by Pacioli are still used to this day. His
documentation includes journals, ledgers, year-end closing dates, trial balances,
cost accounting, accounting ethics. Pacioli in his books gives advice and recalls some
obvious facts. To do business, he writes, capital is needed, but the most important
thing is that others have confidence in your word; to be successful, a trader must
know how to calculate and keep track of it, be orderly and meticulous. Fray
Luca Pacioli was a producer of great contributions to the organization and
systematization of accounting, but, above all, for having formalized and
established the double entry system, which right now is the basis of modern
accounting. He established foundations and principles including the following

There is no debtor without a creditor

• All loss is debit and all gain is credit
• All value that enters is debit and all value that leaves is creditor
• The amount owed to one or several accounts must be equal to what is paid
• Everyone who receives owes the person who gives or delivers
• The balance represents the value of the account and is obtained from the
difference between the debit and the credit, which may result in a debit or credit
balance
BIOGRAFIA
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