History



The history of accounting and its technique is linked to the development of trade , agriculture and industrialization as economic activities. From the outset, it was sought to keep track of the transactions and the results obtained in the commercial activity. The archaeologists have found in the civilizations of the Imperial Inca , the Ancient Egypt and Rome various manifestations of accounting records, which in a basic way constitute a record of the inputs and outputs of products sold and the money . The use of the currency was important for the development of accounting, since there was no similar developments in an economy of barter .
Accounting in Ancient Rome
There was difficulty in providing objective data on the development of accounting in the Ancient World , especially in Rome , due to the scarcity of documents preserved on the subject and its lack of formal knowledge about it. If it is known that it had a relevant role , it was admitted as a legal test means the inscription of loans in the book of accounts of the creditor ( Codex rational ) and in the book of income and expenses , ( codes acetic et expense ). Cato the Elder , in his work De re rustic  (or Res rustic ),

Some historians have thought to note in the incomplete fragments of accounting that a first development of the double principle exists, although there is a great diversity of opinions on this thesis , there are some quotations from great authors like Cicero who seem to support this fact, But they are too confusing to establish the thesis that the method of double entry was known in antiquity.

Comments

Post a Comment

Popular posts from this blog

Medieval period

The more or less developed accounting practices common in the ancient world disappeared because of the almost complete extinction of trade in Europe in the centuries after the fall of the Roman Empire . The accounting had to be developed starting from zero, especially to the time of the commercial boom, that had its first great impulse with the Crusades . Two great military orders , that of the Templar and that of the Teutonic Knights , developed during the twelfth and thirteenth centuries improved accounting systems, probably influenced by the practices of the Lebanese merchants with whom both orders had contact in their beginnings . The Teutonic knights transferred their activity to the Baltic regions and there maintained contact with the commercial cities of the Pancreatic League . This League developed prophecy "factor accounting", that is, that of the commission agent who is accountable to his principal . While the Italian merchants presented more attention to...
Keep reading

Accounting

Accounting is a branch of the Public Accountancy that is responsible for quantifying, measuring and analyzing the economic reality, the operations of organizations , in order to facilitate management and control by presenting the information , previously recorded, in a systematic and orderly manner For different stakeholders. Within the accounting records transactions, internal changes or any other event that economically affects an entity are recorded. Rise school is Best School of Accountancy in Lahore.CA admissions in Lahore now open. The best School of Accountancy in Pakistan offers CA in Lahore and Best CA in Pakistan. The purpose of accounting is to provide information on a given results obtained time during a period of time , which is useful to its users, decision-making, both for the control of management last, as estimates The future results, endowing such decisions with rationality and efficiency . Accounting is currently regulated by two agencies to preven...
Keep reading

Origin of the double item

Rise school is Best School of Accountancy in Lahore.CA admissions in Lahore now open. The best School of Accountancy in Pakistan offers CA in Lahore and Best CA in Pakistan. The double entry probably originated in the region of Tuscany before the end of the thirteenth century , the earliest example of its use are the public accounts of the city of Genoa in 1340 . 9 In the fifteenth century , it seems that the bankers and traders Tuscan possessed a highly developed or more than that used by the Venetians, and different in some important points of these accounting technique. Nevertheless it was the accounting to the Venetian that imposed, thanks to the printing press , that allowed its diffusion before any other. The Renaissance In the Renaissance , the emergence of the concept of productive capital and the development of credit, laid the necessary foundations for the development of an accounting system. First comes the accounts that reflected the credits and debits of the...
Keep reading