The correct answer is: A. Spicer and Pegler.
Bookkeeping is the process of recording and summarizing financial transactions. It is an essential part of running any business, as it provides a record of income and expenses, which can be used to track profitability, identify trends, and make informed decisions about the future of the business.
The definition of bookkeeping as “the art of recording of business and other transactions in monetary terms” was first given by Spicer and Pegler in their book “Accountancy: A Practical Guide for Students and Business Men” (1902). This definition has been widely adopted by accountants and businesses around the world.
J. R. Batliboy, Carter, and John Macneil are all well-known accountants who have written extensively on the subject of bookkeeping. However, none of them are credited with coining the phrase “bookkeeping is the art
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