Double Entry System was introduced in–
(A) America
(B) Japan
(C) India
(D) Italy
Answer: Italy
The modern double-entry bookkeeping system can be attributed to the 13th and 14th centuries when it started to become widely used by Italian merchants. The first known documentation of the double-entry system was first recorded in 1494 by Luca Pacioli, who is widely known today as the “Father of Accounting” because of the book he published that year detailing the concepts of the double-entry bookkeeping method.