Saturday, July 23, 2011

origin and evolution of book-keeping

The origin of book- keeping cannot be exactly traced out .However , it can be said that the book- keeping as old as money . It has been practiced from the ancient period .It is believed  that the beginning of book-keeping system was associated  with the development of business and its inception . In ancient period the himself did conduct the business in a small scale and book keeping was not essential to that extent .The increasing demands and needs of human beings as well as  the practice of currency gradually began to influence the business activities. scientific book - keeping system then commenced in Italy some 500 years  ago . In a.D a person named Luca Pacific published a book entitled ''sum made Arithmetical '', in which he deal f with the modern principle of book -keeping for that first time . In that book -keeping , he included the following provisional about the book - keeping :
A . Memorial that is memorandum book .
B . gestational ,that is journal book .
C . quadrant , that is ledger Account .             

6 comments:

  1. Book keeping is the process of maintaining all the records and transactions of a business. Transactions that are tracked are revenue, expense, profits, net profits, dates of transactions and other details...

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  2. The process of keeping of all the business transaction in scientific and systematic order is known as book keeping

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  3. The process of keeping of all the business transaction in scientific and systematic order is known as book keeping

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  5. Bookkeeping is the art of record keeping of financial transactions in the day book in the systematic order

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