alleryStart learning →Which Italian mathematician first described a technique like the trial balance in 1494?
AFibonacci
BCardano
CLuca Pacioli
DGalileo
Answer & Solution
Correct answer: C. Luca Pacioli
Luca Pacioli's Summa de arithmetica of 1494 prescribed a technique similar to a post-closing trial balance.
Keep practising Trial Balance
Browse all Trial Balance questions for CA Foundation, or explore more Accounting topics.
Related questions
Which entries decrease an account on the right side of the equation, such as a liability?Which of these is a non-current asset?Which is a long-term liability?Claims of the owners on the assets of the business are shown inDebts or future obligations owed to others are recorded inDebtors, cash and stock are examples ofThe general ledger holds a ledger account for each item in theA suspense account is used to