Celebrate Accounting Day
Monday 22nd May is officially Accounting Day, a day created to celebrate our accountants and the work that they do because, let’s face it, we would be lost without them.
To celebrate we’ve put together some facts about accountancy that might surprise you:
1. Italian mathematician Luca Pacioli published the first book about double-entry bookkeeping on 10 November 1494 – and it is in his honour that International Accountants Day was started.
2. The word ‘debit’ means ‘he owes’ in Latin, while ‘credit’ means ‘he trusts’. The word ‘accountant’ is derived from the Latin ‘computare’, which means ‘count.
3. Accounting is thousands of years old and can be traced as far back as ancient Mesopotamia.
4. Bubble gum was invented by accountant Walter Diemer in the 1920s.
5. Mick Jagger of the Rolling Stones, Robert Plant of Led Zeppelin and singer Janet Jackson all studied accountancy.
6. Though better known for his pottery and ceramics business, Josiah Wedgwood is also considered the first cost accountant.
7. St Matthew of Apostle fame is the patron saint of accountants, bookkeepers and tax collectors.
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