History of Accounting
History of Accounting is as old as business. If we open wikipedia's page about Accountancy, then we come to know it is old more than 7000 years. In that time, people were used accounting records for knowing profit or loss from their agricultural output. They had made clay accounting tokens for showing their personal property separated from other person's property. Watch "History of Accounting - Ist Part Video" in simple Hindi which is specially made for Indian 10+1 commerce students for making accounting notes.
Vedas are the oldest books of the world and after deep study of these sanskrit books, you can find that accounting was started at India's vedic period. Vikraya is found in the Atharvaveda and the Nirukta denoting ‘sale’. Sulka in the Rig veda clearly means ‘price’. In the Dharma Sutras it denotes a ‘tax’
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