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19

Accounting Aug 06, 2020

19. Accounting was used for what specific functions in Egypt and India?

Expert Solution

The early development of accounting was closely related to developments in writing, counting, and money. In particular there is evidence that a key step in the development of counting.the transitition from concrete to abstract counting was related to the early development of accounting and money and took place in mesopotamia.

other early accounting records were also found in the ruins of ancient Babylon,which date back more than 7000 years. The people of that time relied on pimitive accounting methods to record the growth of crops ana herbs.Because there was a natural season to farming and herding.

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