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Medieval Economic Leaders and Their Innovations
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Which medieval economic leader is credited with introducing the concept of double-entry bookkeeping?
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A
Luca Pacioli
💡 Explanation:
Luca Pacioli, an Italian mathematician and Franciscan friar, is widely regarded as the father of modern accounting. He introduced the concept of double-entry bookkeeping in his book Summa de Arithmetica, Geometria, Proportioni et Proportionalita, published in 1494.