The worldwide use of double entry however owes a lot to the work of an Italian Monk, and a Franciscan friar, in
1494, to Luca Pacioli. Pacioli's first printed work or treatise was on algebra, titled: "Summa de Arithmatica,
Geometrica, Proportioni et proportionalita (i.e. everything about Mathematics, geometry, and
proportions)". It was developed to ensure that every transaction has equal and opposite reaction, (Mike & Fred,
1983). The treatise contained a section on book keeping entitled "De computis or Scripturis (i.e.
computations and records), which was separately published in 1504 and translated into many languages.
Pacioli, however did not lay claims as the originator of double entry as he was only describing what Italian
Merchants were using for over 200 years, (Paton and Littleton, 1940).