EVOLUTION OF ACCOUNTING

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PRESENTED BY:
MANJU DEVI

ROLL NO. 17
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MEANING OF ACCOUNTING

Accounting is the systematic recording, reporting and analysis of financial transactions of business. It is the backbone of business.

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EVOLUTION OF ACCOUNTING

The history of accounting dates back to the earliest days of human agriculture and civilization. Simple accounting is mentioned in the christian Bible in the book of Mathew in the parable of the talents .
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The Quran also mentions simple accounting for trade and credit arrangements . Kautilyas famous Arthashastra not only relates to politics and economics, but also explains the art of account keeping. The development in trade and commerce has been responsible for 11/1/12 growing importance of a the

The earliest accounting records were found

amongst the ruins of ancient Babylon, Assyria and Sumeria, which date back more than 7000 years.

The people of that time relied on primitive accounting methods to record the growth of crops and herds.

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Sulka in the Rig Veda clearly means PRICE . In the Dharma Sutras it denotes a Tax .

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THANKYOU

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