Video Transcription
35. Pacelli saw accounting as an ad hoc ordering system devised by the merchant. Its regular
use provides the merchant with continued information about his business, and allows him to evaluate
how things are going and to act accordingly. Pacelli recommends the Venetian method of
double entry bookkeeping above all others. Three major books of accounts are at the direct
basis of this system. The Memoriale Memorandum. The Guionotes The Quaderni