History of Accounting and Accounting Standards
Nov 14, 2009 Accounting
History of Accounting
As in other spheres, India was a pioneer in the field of accounting too. As Prof. Max Mueller observed
“Whatever sphere of the human mind you may select for your study , whether be it language, or religion, or mythology , or philosophy, whether be it laws or customs , primitive art or primitive science, everywhere you have to go to India, whether you like it or not , because some of the most valuable & most instructive materials are treasured up in India, & in India only.”
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Tags: arthashastra, babylonian empire, code of hammurabi, commercial transactions, history of accounting, instructive materials, kautilya, max mueller, mesopotamian valley, price quotation, primitive science, rigveda, scribe, sulka, sumeria, theocracy, vedic times