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Why has a recording system the double entry devised in medievel times lasted for so long?
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Why has a recording system the double- entry devised in medieval times lasted for so long?
It lasted for so long during the medieval times because the inventor of double-entry bookkeeping Amatino Manucci, managed to construct a comprehensive and fully-articulated set of double-entry records with a regular balancing procedure on closure of the General Ledger. Moreover, he gave importance to the aspect of financial control.
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