The owners’ accounts in the early Datini companies

DOI

10.2991/ies-18.2019.37How to use a DOI?

Keywords

Datini, Avignon, owner account, balance determination

Abstract

The research is devoted to the early accounts of the owners of Francesco Datini's companies. It is claimed that the accounts of the owners (partners) of the medieval companies represented the ordinary personal accounts, which did not differ much from the personal accounts of the third parties. It is established that the procedures of comparison of the accumulated debit and credit totals were held periodically, as a rule, at the discretion of the accountant. It allowed observing the real state of the settlements. The real examples confirm that in the accounts of the medieval owners related to the mentioned companies both the credit and the debit balance could take place. The balance of the closed account forwarded to the new account was not always registered as the first entry in the account and could be placed in any sequence in it.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dmitriy Aleynikov
AU  - Mikhail Kuter
AU  - Artem Musaelyan
PY  - 2019/11
DA  - 2019/11
TI  - The owners’ accounts in the early Datini companies
BT  - Proceedings of the Third International Economic Symposium (IES 2018)
PB  - Atlantis Press
SP  - 172
EP  - 188
SN  - 2352-5428
UR  - https://doi.org/10.2991/ies-18.2019.37
DO  - 10.2991/ies-18.2019.37
ID  - Aleynikov2019/11
ER  -