ABSTRACT

In more primitive trading times, bookkeeping was not such a big issue because the person who manufactured or produced the goods was usually the one selling or trading them in the marketplace. However, the Renaissance period saw a huge increase in both trade and banking systems brought about by the Roman-built transport systems and the growth of more sophisticated societies like those in Italy, and particularly in Venice, where, in the 1400s, the merchants developed an accounting system to record these more complex financial dealings.