Evidence suggests that modern day bookkeeping methods was developed in Italy around 13th century. A 1211 account book of a Florentine banker present the earliest known evidence of the double entry-system.

The first book written on double entry bookkeeping was written by Luca Pacioli in 1494. Pacioli was often referred to as the father of accounting, but he did not actually invent the system he described. He simply wrote in his book "Summa" about the mathematics of business practices used by merchants in Venice at the time.

Thirty-six years before Pacioli publish his work, Benedetto Cotrugli wrote Delia Mercatura et del Mercante Perfetto (Of Trading and the Perfect Trader), which included a brief chapter which described many of the features of double entry. Although this work was not published for more than a century, Pacioli was familiar with the manuscript and credited Cotrugli with originating the double entry method. And according to Cotrugli, the double entry methods had been used for over two hundred years in certain parts of Italy.

2012-12 Banks: The total bank lending in Singapore continued to grow in November 2012, up 15.9 per cent from a year ago in 2011. The latest Monetary Authority of Singapore data showed loans and advances by domestic banking units amounted to S$481.74 billion in November. This was about 0.5 per ··»

2012-02 Private Housing: Prices of resale private homes dropped by 0.5% in Jan 2012. This is the second straight month of decline. In Dec 2011, the average resale prices fell by 1%.

2011-12 Private Housing: Resale private home has gone up nearly 10% since the begining of 2011. And the preceding year in 2010, prices surged up 18%.It is normal for the property markets go through cycles.Since 2009, Singapore property has been enjoying a boom. But according to some analyst, the good times ··»

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