Why has a recording system the double- entry devised in medieval times lasted for so long?

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2026-03-31 11:20

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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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