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What is the history of the field of Accounting?

What led to the upcoming of a new branch of study called Accounting? How was the process of its evolution?

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The stronghistory/strong of strongaccounting/strong or strongaccountancy/strong is thousands of years old and can be traced to ancient civilizations. ... The Italian Luca Pacioli, recognized as The Father of strongaccounting/strong and bookkeeping was the first person to publish a work on double-entry bookkeeping, and introduced the strongfield/strong in Italy.

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