History of Accounting

History of Accounting The history of Accounting is an important piece of history. Accountants participated in the development of cities, trade, and the concepts of wealth and numbers. Accountants invented writing, participated in the development of money and banking, invented figure entry bookkeeping that fueled the Italian Renaissance. To follow is timeline leaning some important dates in our history to show how news report evolved and how much of an impact accounting had even in antediluvian patriarch times. 7500 BC Agriculture and tokens: The soonest accounting records were found amongst the ruins of antique Babylon, Assyria and Sumeria, which date back more than 7,000 years. The people of that time relied on primitive accounting methods to record the growth of crops and herds. Simple tokens were associated with countrified sites, clay balls of various shapes (round, oval, etc.) representing specific goods (e.g., 2 round tokens could be a pair of cattle, 12 oval tokes a 12 units of wheat). This was the first representation of inventory and the beginning of the concept of numbers. . hypertext transfer protocol://www.romancoins.info/Greece1.

HTML 3200 BC Writing: Over the next 5,000 years, accounting records advanced from simple to complex tokens representing inventory, to clay tablets, to the development of abstract symbols and cuneate writing in Sumerian. Cuneiform writing is one of the earliest known forms of written expression. http://acct.tamu.edu/giroux/timeline.html 7th cytosine BC Coins invented in Lydia: The first coins were made of electrum, an alloy of gold and smooth and a standard weight. First made with simple lines and thus with more complicated designs and later they were stamped. http://www.romancoins.info/Greece1.HTML 5th Century BC: The development of Greek banking. Athens started to mint coins. pecuniary transactions were made only in coined money. Money changing was the most common financial activity. Bankers accepted deposits and made loans.... If you deficiency to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .