Proceedings of the Third International Economic Symposium (IES 2018)

The owners’ accounts in the early Datini companies

Authors
Dmitriy Aleynikov, Mikhail Kuter, Artem Musaelyan
Corresponding Author
Dmitriy Aleynikov
Available Online November 2019.
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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Volume Title
Proceedings of the Third International Economic Symposium (IES 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
November 2019
ISBN
978-94-6252-847-5
ISSN
2352-5428
DOI
10.2991/ies-18.2019.37How to use a DOI?
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/).

Cite this article

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  -