The Analysis of the Final “Debtors” Section Page Preparation in the Trial Balance of Giovanni Farolfi’s Company Branch Office

Abstract

In the second half of the last century the General ledger of the branch office of Giovanni Farolfi’s company in Salon was recognized as being the earliest preserved example of double-entry bookkeeping application. This archival source is mentioned in many historical papers, however the number of real researchers of the accounting system of the last 13th century is limited. The paper presents the study results of the study on the accounting procedure of the “Debtors” section preparation in the Trial balance. It also proves the existence of the two-stage procedure, which supposes the preparation of the intermediate analytical pages and their following summarizing.