It is still November 10 up here in North Dakota. That means it is still Accountant’s Day!
Did you get a chance to celebrate? Professor Ed Scribner at New Mexico State University reminded his accounting theory students, and one brought a cake to class. I’m on a diet, but I would break it for a slice of Accountant Day cake.
How did I celebrate? I walked around campus reciting the debiti-credit cadence. You don’t know what that is? Instead of walking and saying, “a-left (pause) a-left (pause) a-left right left (pause)”, you say, “debit (pause) debit (pause) debit credit debit (pause). I also tested students taking my courses on the finer points of accounting. I’ll bet they are celebrating tonight.
As explained in a previous blog post, on November 10, 1494, volume 2 of Summa de Arithmetica, Geometria, Proportioni et Proportionalita (Everything About Arithmetic, Geometry and Proportion) was published. It is in volume 2 of the Summa that Luca Pacioli included a description of the bookkeeping/accounting system of Venice.
Who says I don’t know how to have fun? On Accountant’s Day I’m the life of the party.
Now, back to the party.
Debit and credit – - David Albrecht
