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In the 1470's, Luca Pacioli invented the double-entry bookkeeping system still in use today. I say, "Shows you how quickly we advance!" But I am proved wrong by this book, a book which not only discusses the basic precepts of accounting, it discuss-es the temptations and mistakes that plague business owners everywhere. Both a book on Basic Accounting and a morality play, Michael Thomas has rewritten the place of accounting to include personal ac-counting for actions as well. It is a breath of fresh air to a field that has remained mostly static since the 1470's.